基础会计(英文版)(第二版)Chapter08AdjustingEntriesandWorkSheetforaMerchandisingSoleProprirtorship教材教学课件.pptVIP

Chapter 8 Adjusting Entries and Work Sheet for a Merchandising Sole Proprietorship Adjusting Entries– A Closer Look The accounting cycle is a sequence of accounting procedures which are repeated continuously during each accounting period. In this chapter, we will discuss the adjustments for supplies, merchandise inventory, and unearned revenue Adjustment for Supplies These items are usually recorded under an asset account called Office Supplies because they are used up in a relatively short period of time. Such as: pencils and pens, ink, typewriter ribbons, memo pads, etc. Adjustment for Su