Accounting and Finance Foundations

Unit 6

Accounting and Finance Foundations Unit 6: Journalizing 492

Journalizing

Chapter 6

Lesson 17.2 Adjusting Entries and Depreciation (cont’d)

Student Guide

Chapter 17

Mrs. King’s Interiors

Journal Voucher

NO:0002

Office: __________________________ Month: _________________ Year: ___________

Ref.

No Description

General

Ledger

Account

Debit Credit

JE2

Depreciation

Expense

Less: Accumulated Depreciation

Adjusting Entry. This journal entry (voucher)

was created to record the supplies (furni-

ture) purchased 12/29/20YY for $2000.00.

All supporting documentation is attached

(the depreciation schedule using straight-

line method over the useful life of 5 years)

530

131

360.00

360.00

Column Totals 360.00 360.00

Prepared by: __________________________________ Date: ______________

Authorized by: _________________________________ Date: ______________

12/31/20YY

12/31/20YY

Bob Smith

Mrs. Mary King

1234 Office December 20YY

Finally, to create the depreciation adjusting journal entry, you should follow the same steps that you did

when creating a correcting entry for the rent expense. The key is to input information pertaining to the

depreciation in the voucher and include documentation related to the office furniture depreciation expense

with the adjusting entry. The voucher should look something like this when you are finished:

Journal Entry (Voucher) 0002-JE2: