AccountingBLOCK - Accounting Forums

I'm having trouble figuring out adjusting entries for an assignment.

Basically, I don't understand what a journal entry would look like when it's an adjustment to office supplies and store supplies. Both have a balance less than the last j/e shows. I'm assuming that I credit both accounts but what account would the debit be applied to?

Sounds like the adjusting entries are to adjust your prepaid expense account i.e. store/office supplies to reflect the actual quantities on hand. The AJE (adjusting journal entry) is to debit office expense and to credit the store/office supplies prepaid account....