Unformatted text preview: is earned for the vending machines. Adjusting accounts involves each account balance and transaction. It is used to determine if there are any needed adjustments The adjustments affect the balance sheet accounts. Each adjusting entry affects one or more income statement and balance sheet account. Cash does not affect the accounts...
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This note was uploaded on 07/13/2011 for the course ACCT 225 taught by Professor Laurathomas during the Spring '10 term at University of Phoenix.
- Spring '10