(Answered) Accountingprimary task response within the discussion board

Accounting

Primary Task Response: Within the Discussion Board area, write 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

In this assignment you will do the following:

• This week adjusting entries are discussed. In your post answer the following questions:

o What is an adjusting entry?
o Why is an adjusting entry important?
o What accounts are adjusted and what accounts are not adjusted? Why?
o Provide two adjusting entry examples.
o What do you find difficult about adjusting entries? What is difficult to understand?

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Accounting Basics, Accounting

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