Adjusting Journal Entries = These are the entries which are not recoded and is to be adjusted at the end of the year .For example; Supplies in hand Supplies expense A/C Dr. and Supplies A/C Cr.2) Salaries payable; Salaries expense A/C Dr. and Salaries Payable A/C Cr. 3) Prepaid Expense; Prepaid Expense A/C Dr.and particular expense Cr.4) Depreciation; Depreciation on Particular Asset A/C Dr. and Accumulated A/C Cr.
Dr. Cr.
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
|
To Common stock
|
$20000
|
|
By purchases
|
$10,000
|
|
|
|
|
|
By Balance C/D
|
$10,000
|
|
|
Total
|
$20000
|
|
Total
|
$20,000
|
This is an example of Cash A/C