The document discusses how to record adjusting entries from a worksheet. It provides examples of adjusting entries for allowance for uncollectible accounts, merchandise inventory, supplies for the office and store, prepaid insurance, depreciation of office and store equipment, and federal income taxes. Each example lists the date, accounts debited and credited, and debit/credit amounts.

1. LESSON 16-1
Recording Adjusting
Entries
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

2. ADJUSTING ENTRIES RECORDED
FROM A WORK SHEET
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2
1
4
6
5
7
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page 480
1. Heading
2. Date
3. Identify the first
adjustment
4. Account debited
5. Debit
6. Account credited
7. Credit
8. Continue down the
Adjustments columns
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 16-1

3. 3
ADJUSTING ENTRY FOR ALLOWANCE
FOR UNCOLLECTIBLE ACCOUNTS
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 482
LESSON 16-1

4. ADJUSTING ENTRY FOR
MERCHANDISE INVENTORY
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
page 482
LESSON 16-1

5. 5
ADJUSTING ENTRY FOR SUPPLIES—
OFFICE
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 483
LESSON 16-1

6. 6
ADJUSTING ENTRY FOR SUPPLIES—
STORE
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 483
LESSON 16-1

7. ADJUSTING ENTRY FOR
PREPAID INSURANCE
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
7
page 484
LESSON 16-1

8. 8
ADJUSTING ENTRY FOR DEPRECIATION
—OFFICE EQUIPMENT
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 484
LESSON 16-1

9. 9
ADJUSTING ENTRY FOR DEPRECIATION
—STORE EQUIPMENT
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 485
LESSON 16-1

10. ADJUSTING ENTRY FOR FEDERAL
INCOME TAXES
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
10
page 485
LESSON 16-1