FINISH:

On pages 155 to 156 answer the following questions and check yourself on pages 175-176

  1. Page 156 question #4

LO5–Journalize Adjusting Entries from the Work Sheet

  1. Journalizing Adjusting Entries (See Figure 5-23)
  2. Copy the adjustments from the work sheet into journal form.
  3. Journalize the adjustments on the end of period date.
  4. Write “Adjusting Entries” in the Description column prior to the first adjusting entry.
  5. Please SHOW ME EACH ONE BEFORE YOU PROCEED TO THE NEXT ONE:
    1. In-Class Exercise: Complete Exercises E5-10A, E5-10B–USE E5-9A and E5-9B that you saved earlier to complete these exercises.

LO2–Posting Adjusting Entries

  1. Posting Adjusting Entries (See Figure 5-14 p. 141)
  2. Post to the general ledger in the same manner as all other journal entries.
  3. Write “Adjusting” in the Item column of the general ledger.
  4. Please SHOW ME EACH ONE BEFORE YOU PROCEED TO THE NEXT ONE:
    1. In-Class Exercise: Post the journalized adjusting entries from E5-10A, E5-10B–USE E5-9A and E5-9B that you saved earlier to complete these exercises. WATCH THIS VIDEO TO HELP YOU DO THIS