Answer questions

5) Adjusting entries like those we've practiced and know the ones that can be reversed, what is the reversing entry, and those that don't get reversed 6) What is the consequence of not recording adjusting entries in each scenario (ie. what would happen if we didn't accrue expenses at the end of a period or didn't record a prepaid expense) 7) The closing process Practice the quiz and make sure you can do it on your own 8) what is the purpose of Due Process 9) Board and committees that were established 10) What is the codification and where is it stored