What are adjusting entries and why are they made

1st. Discussion Post: From Chapter 3

-What are adjusting entries and why are they made? Explain your statements.
-Prepare the original journal entries and the adjusting journal entry for each of the four groups of adjusting entries.

2nd Discussion Post: From Chapter 4

-Describe the year-end closing process.
-What are the four steps in the closing process? Provide an example journal entry for each.
-What is the difference between temporary and permanent accounts?

Reference:

Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren’s accounting (12th ed.). Pearson.

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