Question: 300-400 WORDS MAX!!! 1. wHAT IS AN ADJUSTING ENTRY 2. WHY IS AN ADJUSTING ENTRY IMPORTANT 3. WHAT ACCOUNTS ARE ADJUSTED AND WHAT ACCOUNT ARE

300-400 WORDS MAX!!! 1. wHAT IS AN ADJUSTING ENTRY 2. WHY IS AN ADJUSTING ENTRY IMPORTANT 3. WHAT ACCOUNTS ARE ADJUSTED AND WHAT ACCOUNT ARE NOT ADJUSTED? WHY? 4. PROVIDE TWO ADJUSTING ENTRY EXAMPLES 5. WHAT DO YOU FIND DIFFICULT ABOUT ADJUSTING ENTRIES? WHAT IS DIFFICULT TO UNDERSTAND?

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