Content Johnson Accounting Firm’s Training Program ocess #6: Adjusting Entries Process #6: Adjusting Entries Journalize Adjusting Entries 1. Adjusting entries are discussed in detail in Chapter Three and in the Chapter Three Lecture. The purpose of adjusting entries is to make sure that the company has recorded all EARNED revenues and all INCURRED expenses. Remember, EARNED and INCURRED are independent concepts from cash received and cash paid. 2. Adjusting entries must follow standard accounting format (i.e. Debit entered first, Credit entered second; Credit indented). You may omit explanations after each journal entry. 3. Adjusting entries must be typed into the ledger paper provided. You may use the form journal entry paper that is provided in Process #3 forms. 4. Using the transactions from Process #3 in conjunction with theinformation attached here, prepare adjusting entries for the period ending September 30. Remember, adjusting entries were last prepared on June 30.