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molzer678
Jun 1, 2008, 07:31 PM
Which one of these pieces of information do I need to make an adjusting entry for and what is the entry?

1) other expenses was charged during the year when supplies were purchased. Supplies on hand at 12/31/08 total 4,300. (Supplies currently in the supply account is 4,000.)

2) on October 1, 2008 the company had paid 6,000 for a year's rent on its warehouse

Thanks so much!

morgaine300
Jun 3, 2008, 07:24 PM
I answered this here:

https://www.askmehelpdesk.com/accounting/adjusting-entries-222217.html

Can you please not double-post as it just confuses things.