A company uses the accrual basis of accounting. The company has $7,800 of accrued salaries for this period, that wont be paid until the next period. It was decided not to record the adjusting entry in this period; After all, sooner or later the expense will be reported. How does this decision impact the financial reporting? Does it really matter if they record it in another period? Please answer both questions and be specific and detailed in your response. Give examples.