Need to easily change date in Office Supplies Inventory? We've got you covered! With DocHub, you can do just what you need without downloading and installing any software. Use our tools on your mobile phone, desktop, or internet browser to modify Office Supplies Inventory anytime and anywhere. Our robust platform provides basic and advanced editing, annotating, and safety measures suitable for individuals and small businesses. In addition, we offer numerous tutorials and instructions that help you master its capabilities easily. Here's one of them!
We provide a range of safety options to safeguard your sensitive information while you change date in Office Supplies Inventory, so you can feel assured of your work’s privacy. Get your paperwork edited, signed, and delivered with a professional, industry-compliant platform. Enjoy the comfort of getting the job done instantly with DocHub!
In the tutorial, the presenter explains how to make an adjusting entry for prepaid office supplies. On May 1st, Rexter Incorporated purchased $600 worth of office supplies, which are treated as an asset due to their future value. The journal entry records the date as May 1st, debiting the Office Supplies account for $600 to reflect the asset increase. The cash account is then credited to show a decrease in assets because payment was made in cash. The explanation for the journal entry states that office supplies were bought. By June 30th, an adjustment to the records is required to account for the usage of these supplies over time.
