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    acct2009's Avatar
    acct2009 Posts: 1, Reputation: 1
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    #1

    Feb 5, 2009, 05:39 PM
    Adjusting entries in accounting 101
    Does accrued salaries and depreciation of equipment decrease Net Income if an adjustment is needed?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 7, 2009, 09:07 PM

    Yes, because you will debit an expense account for these adjusting entries.
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