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hello in this lecture were going to record an adjusting transaction related to accounts receivable were going to record the journal entry over here on the left-hand side and then post it to the trial bounce on the right-hand side try a balance in format of assets in green liabilities in orange equity in the light blue and the income statement in the dark blue including revenue and expenses well first walk through which accounts will be affected and then explain why that is the case so we know that it is an adjusting entry and knowing that its an adjusting entry means its slightly different than a normal journal entry in that it does have two accounts like normal journal entries but it also generally has one in income statement account below the blue line and one balance sheet account above the blue line the light blue line so its going to be one account above owners equity one account below owners equity if we know that and we have the trial balance we can kind of look for thos
