Could someone explain the logic behind the highlighted section:

I don't u/s why if an error is already counterbalanced, you would still make a correcting entry in the current period, but if it isn't counterbalanced, you don't make a correcting entry, you just adjust retained earnings. It all seems somewhat counterintuitive because in the second case, I would expect that you would make a correcting entry if the situation hasn't already counterbalanced, whereas in the first case, I would not expect a correcting entry since the situation is already counterbalanced. Perhaps I'm thinking about this the wrong way.

Thanks,

illus First Copy K ancing errors in the following sections. In studying these f points. y has closed the books for the period in which the error is found: oks in the current year: balanced, no entry is necessary. rbalanced, make an entry to adjust the present balance of retained Create Flashcard > Read Aloud from here 2. If the company has not closed the books in the current year: a. If the error is already counterbalanced make an entry to correct the error in the current period and to adjust the beginning balance of Retained Earnings. b. If the error is not yet counterbalanced, make an entry to adjust the beginning balance of Retained Earnings. Second, if the company presents comparative statements, it must restate the amounts for comparative purposes. Restatement is necessary even if a correcting journal entry is not required. To illustrate, assume that Sanford Cement Co. failed to accrue revenue in 2018 when it fulfilled its performance obligation, but recorded the revenue in 2019 when it received payment. The company discovered the error in 2021. It does not need to make an entry to correct for this error because the effects have been counterbalanced by the time Sanford discovered the error in 2021. However, it Sanford presents comparative financial statements for 2018 through 2021, it must restate the accounts and related amounts for the years 2018 and 2019 for financial reporting purposes. The sections that follow demonstrate the accounting for the usual types of counterbalancing errors. illus First Copy K ancing errors in the following sections. In studying these f points. y has closed the books for the period in which the error is found: oks in the current year: balanced, no entry is necessary. rbalanced, make an entry to adjust the present balance of retained Create Flashcard > Read Aloud from here 2. If the company has not closed the books in the current year: a. If the error is already counterbalanced make an entry to correct the error in the current period and to adjust the beginning balance of Retained Earnings. b. If the error is not yet counterbalanced, make an entry to adjust the beginning balance of Retained Earnings. Second, if the company presents comparative statements, it must restate the amounts for comparative purposes. Restatement is necessary even if a correcting journal entry is not required. To illustrate, assume that Sanford Cement Co. failed to accrue revenue in 2018 when it fulfilled its performance obligation, but recorded the revenue in 2019 when it received payment. The company discovered the error in 2021. It does not need to make an entry to correct for this error because the effects have been counterbalanced by the time Sanford discovered the error in 2021. However, it Sanford presents comparative financial statements for 2018 through 2021, it must restate the accounts and related amounts for the years 2018 and 2019 for financial reporting purposes. The sections that follow demonstrate the accounting for the usual types of counterbalancing errors