Assignment: Adjusting The Accounts
Using the Annual Report of your selected company answer the following questions in the Discussion:
• What are adjusting entries and why are they necessary?
• In your chosen company, which accounts might require adjusting entries?
• Why is it unethical not to record adjusting entries when required? What difference does it make?
• What is the purpose of an adjusted trial balance?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.