Adjusting entries

[rgwisham]

How exactly do you adjust entries? I've been instructed to adjust "Supplies on Hand" and "Rent" but don't know how to go about it.

[dringstrom]

Did your CPA or other advisor instruct you to make these adjustments? If so, they should be able to provide you with a written list of what accounts to debit and credit. Once you have this list, go to Tasks, General Journal Entry, and post a journal entry. Be sure to ask what date the entry should be posted.