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1) Name the four (4) types of adjustments that are necessary for transactions and events that extend over more than one period (HINT: This is
1) Name the four (4) types of adjustments that are necessary for transactions and events that extend over more than one period (HINT: This is from Chapter 3) 2) From your answer on Question 1, provide me with an adjustment example, explain why it is done and provide the adjusting entry in JOURNAL ENTRY FORMAT that would be done for one of the adjustment types. Your answer must contain the type of adjustment it is, why it is done and provide an example of the adjusting journal entry that would be made for the adjustment to earn the points.
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