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    nowens's Avatar
    nowens Posts: 1, Reputation: 1
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    #1

    Dec 15, 2006, 08:53 AM
    Adjusting entries for year end
    Hi everyone. I was wondering about year end adjusting enteries. What do I do with cash. Do I adjust it or leave it alone? I started with 25,000 and I ended with 30,000. Do I put this in OE or somewhere else. Do I adjust everything with a different balance?:eek:
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Dec 15, 2006, 08:00 PM
    Adjusting Entries are stuff where you record depreciation expense, take down your prepaids, etc.

    In terms of your cash going from 25K to 30K:

    That would have been “adjusted” during the year.

    If you made a sale for 10,000, you would have debited cash for 10,000, etc.
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