Adjusting Entries
Adjusting Entries [WLOs: 1, 2, 3, 4] [CLOs: 1, 2]
Prior to beginning work on this discussion, read Chapter 3 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.
What are adjusting entries and why are they made? Explain your statements.
Give an example of an adjusting entry for each of the four major groups of adjusting entries.
Your journal entries for each of the four types should include two entries. The first entry will establish the account and the second entry will adjust the account.
Guided Response: Respond to at least two of your classmates by commenting on their posts. Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.
Attendance Notification: To meet attendance requirements in this class, you must post to the discussion board at least once every 7 days. Completing work in MyAccountingLab does not count as attendance.
Answer preview to adjusting entries
APA
381 words