So far, we have discussed identifying and recording/analyzing


So far, we have discussed identifying and recording/analyzing transactions. From there, we would post journal entries to the general ledger and create an unadjusted trial balance. From there, we would talk about the adjusting entries. There are a few different types of adjusting entries.

Watch the following 4 minute, 53 second video, “Accounting Cycle Step 5: Adjusting Entries Basics,” discussing different types of entries.After you watch the video, submit your initial discussion post by completing the following:

  • Describe the accounting period. How might it be different than a calendar year?
  • Compare accrual and cash basis accounting.
    • Indicate which uses adjusting entries and why.
    • Define Revenue Recognition Principle and Expense Recognition Principle under the correct basis of accounting.
  • Identify at least two different adjusting entries. Why do they need to be done?

It’s that simple.Pay only when you are satisfied.

Get Personalized Homework Help

Improve Your Grades Today
How It Works

1-Send us your Assignment requirements, attach and deadline for submission.

2-You will get a confirmation from us with a price quote.Pay us and be relax.

3-Your Completed task will be e mailed to you before agreed time.

Submit Your Assignment/Essay/Discussion/Term Paper/Final Exam or CaseStudy Detail

    Available 24/7!

    Send your academic problems,

    Get instant Help only at Writerscampus!

    How useful was this post?

    Click on a star to rate it!

    Leave a Reply

    Your email address will not be published. Required fields are marked *