Adjusting the Accounts (Adjusting Entries)

Anonymous
timer Asked: Oct 22nd, 2018
account_balance_wallet $5

Question Description

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?

Post the name of your selected company from Module 1, Number 2 and the link to the statement with your discussion post. You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years' worth of financial data

The company will be Microsoft

Tutor Answer

Tutor_Booth
School: University of Maryland

Hey! There you go. Thank you

Running head: ADJUSTING THE ACCOUNTS

Adjusting the Accounts: Microsoft
Student’s Name
Institution

1

ADJUSTING THE ACCOUNTS

2

What are adjusting entries and why are they necessary?
Adjusting entries refer to journal entries of accounting that change the records of
accounting in business to the accumulation basis of accounting (Needles, Powers, & Crosson,
2013). Adjusting entries are important in any company because they update the accounts to
follow the concept of accrua...

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Anonymous
awesome work thanks

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