Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Adjusting entries (https://www.askmehelpdesk.com/showthread.php?t=55139)

  • Jan 16, 2007, 12:52 PM
    VickySipka
    Adjusting entries
    How & where do I do the adjusting entries that I had just received from my accountant for December 31st, 2005, for our company?
  • Jan 17, 2007, 02:22 AM
    CaptainForest
    The How part depends on what type.

    For example. Let's say you must record $500 of depreciation on the company's car.

    Dec. 31/06
    Dr. Depreciation Expense 500 (goes to the Income Statement)
    Cr. Accumulated Depreciation – Car 500 (goes on the Balance Sheet)

  • All times are GMT -7. The time now is 02:18 PM.