Adjusting Journal Entries - All Types

This assignment will provide you with an opportunity to practice making the journal entries which are required at the end of accounting periods in order to adjust the account balances to their correct balances (i.e., adjusting journal entries). In order to be successful with this problem, you will need to not only know the financial statement accounts that should be debited and credited, but also be able to calculate the dollar amount of the adjustment that should be made to each account.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

• Drop-Down Lists (1.10)