ADJUSTING ENTRIES RECORDED IN A JOURNAL Lesson 17-1 ADJUSTING ENTRIES RECORDED IN A JOURNAL 2 1 4 3 5 6 1. Heading 4. Debit 2. Date 5. Account Credited 3. Account Debited 6. Credit Lesson 17-1, page 422

PARTIAL WORK SHEET SHOWING ADJUSTMENTS Lesson 17-1, page 423

ADJUSTING ENTRY FOR MERCHANDISE INVENTORY AFTER ADJUSTMENT BEFORE ADJUSTMENT Income Summary Adj. (a) 15,840.00 Merchandise Inventory Bal. 270,480.00 Bal. 270,480.00 Adj. (a) 15,840.00 (New Bal. 254,640.00) Lesson 17-1, page 423

ADJUSTING ENTRY FOR OFFICE SUPPLIES INVENTORY AFTER ADJUSTMENT BEFORE ADJUSTMENT Supplies Expense—Office Adj. (b) 4,730.00 Supplies Expense—Office Bal. 6,480.00 Bal. 6,480.00 Adj. (b) 4,730.00 (New Bal. 1,750.00) Lesson 17-1, page 424

ADJUSTING ENTRY FOR STORE SUPPLIES INVENTORY AFTER ADJUSTMENT BEFORE ADJUSTMENT Supplies Expense—Store Adj. (c) 3,910.00 Supplies Expense—Store Bal. 6,944.00 Bal. 6,944.00 Adj. (c) 3,910.00 (New Bal. 3,034.00) Lesson 17-1, page 424

ADJUSTING ENTRY FOR PREPAID INSURANCE AFTER ADJUSTMENT BEFORE ADJUSTMENT Insurance Expense Adj. (d) 3,170.00 Prepaid Insurance Bal. 5,800.00 Bal. 5,800.00 Adj. (d) 3,170.00 (New Bal. 2,630.00) Lesson 17-1, page 424