View Full Version : How to Post adjusting Journal Entry?
Marg123
Feb 6, 2011, 03:49 PM
Merchandise Inventory has a current balance of 16,200 in the trial balance. And after taking inventory the actual amount in Inventory is 15,300. How would I post the journal entry to show this difference?
Marg123
Feb 6, 2011, 03:50 PM
A truck that was purchased for 60000 on Jan 1, 2004 and has a estimated life of 10 years is depreciated strait line and has a salvage value equal to 20% of the purchase cost. How would I record the adjusting journal entry so a trail balance for Dec 31, 2008 can be made?
ScottGem
Feb 6, 2011, 04:06 PM
Please review the guidelines on asking for help with homework that can be found here:
https://www.askmehelpdesk.com/arts-literature/announcement-u-b-read-first-expectations-homework-help-board-b-u.html