The proper entry to make in your journal is:
Office expenses (Dr) $475
To cash Account $475
A business's accounting records can contain information about a transaction by creating a journal entry. The general ledger is often where a journal entry is kept, however it can also be kept in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized.
A diary entry that has been adjusted is one that has been changed. They check to see that the numbers you've recorded correspond to the appropriate accounting periods, in particular.
You can track unrecorded transactions using an adjusting journal entry, which is a type of financial record. Accrued expenses, accrued income, provisions, and deferred revenues are a few examples of common adjusting journal entries. When accounting periods change, you can utilize an adjusting journal entry for accrual accounting.
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