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Adjustments a. What is an adjusting entry b. What is the source of information for
Chapter 18, Problem 6(choose chapter or problem)
QUESTION:
Adjustments
a. What is an adjusting entry?
b. What is the source of information for journalizing adjusting entries?
Questions & Answers
QUESTION:
Adjustments
a. What is an adjusting entry?
b. What is the source of information for journalizing adjusting entries?
ANSWER:Step 1 of 3
A journal entry is an accounting step to record business transactions through a double-entry bookkeeping system. Each journal entry involves an equal debit and credit to both accounts. The journal entries are entered into a general journal.