Getting complete control of your papers at any time is essential to ease your day-to-day duties and enhance your productivity. Achieve any objective with DocHub tools for document management and convenient PDF editing. Gain access, modify and save and integrate your workflows with other safe cloud storage.
DocHub gives you lossless editing, the opportunity to use any formatting, and safely eSign documents without searching for a third-party eSignature option. Get the most of your document management solutions in one place. Check out all DocHub functions right now with the free of charge profile.
[Music] now lets learn how to do the adjusting entry for another prepaid expense office supplies so on may 1st rexter incorporated my favorite company paid 600 for office supplies so we just need to do the journal entry now for the purchase of the office supplies so in the general journal we put may 1st as a date and then what are we getting out of this transaction were getting office supplies theyre not going to be used up right away so therefore they have a future value and were going to call that asset office supplies a plus is reminding this asset going up so in the debit im going to put 600 and then i post the 600 down to the t account which represents a ledger and then how did we pay for it we paid for it with cash so cash is an asset and its going down so i need to credit that asset and then in our explanation we say we bought office supplies now its time for the adjustment remember we purchased office supplies on may 1st but now its june 30th so rexter incorporated cre