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This document provides examples of adjusting journal entries for supplies, prepaid insurance, and a review of adjusting entries. It shows the format for recording adjusting entries, including writing the date, debit and credit account titles, and amounts. Adjusting entries are journal entries recorded at the end of an accounting period to adjust accounts and prepare financial statements.
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- 1. LESSON 8-1 Recording Adjusting Entries
- 2. ADJUSTING ENTRY FOR SUPPLIES 1 2 page 202 4. Write the title of the account credited. Record the credit amount. 3. Write the title of the account debited. Record the debit amount. 2. Write the date. 1. Write the heading. 3 4
- 3. ADJUSTING ENTRY FOR PREPAID INSURANCE page 204 1 3. Write the title of the account credited. Record the credit amount. 2. Write the title of the account debited. Record the debit amount. 1. Write the date. 2 3