LESSON 16 1 Recording Adjusting Entries Adjustment section

LESSON 16 -1 Recording Adjusting Entries • Adjustment section of the worksheet – is the source • Journalized in the general journal CENTURY 21 ACCOUNTING © Thomson/South-Western

2 ADJUSTING ENTRIES RECORDED FROM A WORK SHEET 3 2 1 4 6 5 CENTURY 21 ACCOUNTING © Thomson/South-Western 7 page 481 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 LESSON 16 -1

3 ADJUSTING ENTRY FOR ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS CENTURY 21 ACCOUNTING © Thomson/South-Western page 482 LESSON 16 -1

4 ADJUSTING ENTRY FOR MERCHANDISE INVENTORY CENTURY 21 ACCOUNTING © Thomson/South-Western page 482 LESSON 16 -1

5 ADJUSTING ENTRY FOR SUPPLIES— OFFICE CENTURY 21 ACCOUNTING © Thomson/South-Western page 483 LESSON 16 -1

6 ADJUSTING ENTRY FOR SUPPLIES— STORE CENTURY 21 ACCOUNTING © Thomson/South-Western page 483 LESSON 16 -1

7 ADJUSTING ENTRY FOR PREPAID INSURANCE CENTURY 21 ACCOUNTING © Thomson/South-Western page 484 LESSON 16 -1

8 ADJUSTING ENTRY FOR DEPRECIATION— page 484 OFFICE EQUIPMENT CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 16 -1

9 ADJUSTING ENTRY FOR DEPRECIATION— page 485 STORE EQUIPMENT CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 16 -1

10 ADJUSTING ENTRY FOR FEDERAL INCOME TAXES CENTURY 21 ACCOUNTING © Thomson/South-Western page 485 LESSON 16 -1