You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.
1. Explain why adjusting entries are necessary.
2. Describe the 4 types adjusting entries, and provide a manufacturing industry example of each.
3.Describe how these entries would be recorded in a computerized accounting system.
4. Describe 1 ethical issue that could result from the preparation of these manufacturing entries.
Could someone help with assignment?