View Full Version : Give example of adjusting journal entries
honey17
Jul 31, 2010, 12:21 AM
Give example of adjusting journal entries
morgaine300
Jul 31, 2010, 03:18 AM
Basic adjusting entries are an entire chapter long, and that's just the basics.
How about some reading material instead:
Principles of Accounting (http://www.principlesofaccounting.com/chapter3/chapter3.html#Adjusting)
pready
Jul 31, 2010, 12:35 PM
An expample would be for depreciation. You first have to calculate the amount of depreciation for the period, then the journal entry will be: Debit Depreciation Expense for the amount and Credit Accumulated Depreciation for the amount.