.com/courses/9006/discussion topics/207067 your initial post, your response to comments that I post to your thread, and at least one response to a classmate. Please be sure to enter your initial post by 11:59 pm on Wednesday. Chapter 3: The Adjusting Process Part 1 Assume that you are the accountant for Computer Consultants. Prior to this year, Computer Consultants operated out of a leased office. However, the company purchased its own office building this year. The building is in an area where real estate values have been increasing an average of 6 percent per year. The owner of Computer Consultants has asked why you recorded depreciation on the building if real estate values are appreciating. Please provide an explanation as to why depreciation must be recorded on the company's accounting records. Part 2 1. Please explain what accrued expenses are and let us know why these adjustments are necessary Please provide an example of an adjusting entry for an accrued expense. 2. Please explain what accrued revenues are and let us know why these adjustments are necessary. Please provide an example of an adjusting entry for accrued revenues. adjustment may be necessary 3. Please explain what an Unearned Revenue account is and why an for Unearned Revenue. Please provide an example of an adjusting entry for Unearned Revenue. Responses to Classmates