We have learned about four types of adjustments: (1) deferred expenses, (2) deferred revenues, (3) accrued revenues, and (4) accrued expenses. Using the same service business that you identified in Discussion 1, describe one specific adjusting entry that your business might make.

Requirements:

Initial post:

• Write an initial 3 paragraph discussion post with the following information:
• The name of your company and the type of the adjusting entry you will discuss. Do not use a wage accrual as that is the example I provided, below.
• A description of the adjusting entry and why your company might need to make it.
• Record the entry, in the proper journal entry format, including the dates, account titles, debit and credit amounts. Hint: Use the table format in the bar above to format your journal entry.
• If there was an initial entry in another period, provide that as well.

Discussion 1: talked about Microsoft Corp and their annual income report

Answer rating: 100% (QA)

Analyzing expense accounts and creating necessary adjustmen... View the full answer