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-   -   What would the general journal entry be for an adjusting entry? (https://www.askmehelpdesk.com/showthread.php?t=528248)

  • Nov 22, 2010, 03:15 PM
    monicaluc
    What would the general journal entry be for an adjusting entry?
    Depreciation for the month:
    Factory equipment... $642.00
    Office equipment... $369.70
    What accounts are debited and credited?
  • Nov 22, 2010, 03:53 PM
    pready

    Debit Depreciation Expense for the total amount
    Credit Accumulated Depreciation - Factory Equipment for 642.00
    Credit Accumulated Depreciation - Office Equipment for 369.70

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