Are Adjusting Entries More Trouble Than They Are Worth?

You are taking an introductory accounting class. You think that making regular journal entries is not too difficult, but making adjusting entries is still a bit of a mystery. You have found that your answers to homework questions on adjusting entries are incorrect at least half the time. You mentioned your difficulties to the other members of your study group, and they all agreed—adjusting entries are brutal. As you and your study colleagues shared your frustration with adjusting entries, the following consensus formed: adjusting entries are more trouble than they are worth. You were selected by your study group to pass this sentiment along to your accounting instructor. She agreed that adjusting entries can be difficult, but she insisted that they are worth the effort. She has now given you the following writing assignment: write a one-page paper describing the value of adjusting entries.