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What are adjusting entries and why are they necessary

Assignment: Adjusting The Accounts

Using the Annual Report of your selected company answer the following questions in the Discussion:

• What are adjusting entries and why are they necessary?

• In your chosen company, which accounts might require adjusting entries?

• Why is it unethical not to record adjusting entries when required? What difference does it make?

• What is the purpose of an adjusted trial balance?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: What are adjusting entries and why are they necessary

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