Adjusting entries v1

Adjusting entries v1 - Adjusting entries

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Unformatted text preview: Adjusting entries http://www.perdisco.com/elms/qsam/html/qsam.aspx 1 of 7 5/11/2008 11:27 PM Navigation map You have currently completed approximately 68% of your Accounting Practice Set. We estimate that it may take you up to a further 6.5 hours of study time to complete this and the remaining Practice Set pages. This page of the Accounting Practice Set could take you up to 1.5 hour of study time to complete. These time frames are a guide only. It may take you more or less time to complete each step. Additional information To answer this question you may need the following information: Background information Adjusting entries Original information The information in the above links comes from the 'Overview' and 'Further information' pages at the beginning of the practice set. If you did not print them out, and you would like to refer to them, you may review them below: Adjusting entries This practice set continues over multiple pages. Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Please note that any answers you have entered on the bookmarked page are not kept with your bookmark. When you are ready, enter your answers and click submit answers . You will receive immediate feedback to everything you have attempted. You cannot go backwards once you have submitted a page. Instructions for adjusting entries Today is the last day of the month. Record adjusting entries in the general journal. Post the adjusting entries from the general journal to the relevant ledgers. Record the final adjusted balance of each ledger account in the Adjusted Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Adjusted Balance row must still be filled out in order to receive full marks. Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) are the correct answers, not your particular answers. Remember to enter all answers to the nearest whole dollar . Additional instructions Displaying selected journals and ledgers: Not all journals and ledgers will be displayed on every page....
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Adjusting entries v1 - Adjusting entries

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