Each group member should discuss a different adjusting entry. You should select one of the following types of adjusting entries to discuss: 1. Deferred Expenses 2. Deferred Revenue 3. Accrued Expenses 4. Accrued Revenue 5. Depreciation After all 5 of the above topics have been reserved, the 6th person should explain this topic: What are adjusting entries? Why are they made? At what point in the accounting period are they made? Include an explanation of the matching principle and the revenue recognition principle in your post. What is it? Give examples of this type of adjusting entry Describe the journal entry to record the adjustment: o Account debited o Account credited o How to calculate the amount of the adjusting entry