Application for Adjusting Entries PDF
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Uploaded by RobustRoseQuartz648
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Summary
This document outlines application for adjusting entries, and details adjusting journal entries for various transactions. It includes examples of prepaid rent, accrued expenses, depreciation, and unearned income.
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-**Application for adjusting entries** **Application for adjusting entries:** Cherry Ann pays her 1,000 January rent in December. Adjusting Journal Enty --- Cherry's December electric bill was 200 and is due January 15th. ![Adjusting Journal Enties](media/image2.jpeg) --- Cherry's leasehold imp...
-**Application for adjusting entries** **Application for adjusting entries:** Cherry Ann pays her 1,000 January rent in December. Adjusting Journal Enty --- Cherry's December electric bill was 200 and is due January 15th. ![Adjusting Journal Enties](media/image2.jpeg) --- Cherry's leasehold improvement depreciation is 2,000 for the year. Adjusting Enty --- On December 31, a customer prepays Cherry Ann for guitar lessons for the next 6 months. ![Adjusting Enty Types](media/image4.jpeg) --- Cherry's employee works half a pay period, so Cherry Ann accrues 500 of wages. Adjusting Enty Format Now that all of Cherry's AJEs are made in her accounting system, she can record them on the [[accounting worksheet]](https://www.myaccountingcourse.com/accounting-cycle/accounting-worksheet) and prepare an [[adjusted trial balance]](https://www.myaccountingcourse.com/accounting-cycle/adjusted-trial-balance)