In your initial post discuss the one type of adjusting entry: 1. Deferred Expenses 2. Accrued Expenses
Question:
In your initial post discuss the one type of adjusting entry:
1. Deferred Expenses
2. Accrued Expenses
3. Deferred Revenues
4. Accrued Revenues
Write an initial 3 paragraph discussion and post it to the discussion board with the following information:
• The subject should be the type of entry you are describing (one of the four types above).
• The company name you are interning with. (You are making this up. What is your dream company to intern with?)
• Describe the type of adjusting entry (one of the four types above) and why your company needs to make it.
• Record the entry in the proper journal entry format (dates, account titles, debit/credit columns, amounts). Include any initial entry from the previous period.
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson