Discussion #3- Adjusting Entries DUE This week, we learned about the importance of adjusting entries. For this discussion question, please do the following: . Provide one example of an adjusting entry with amounts. . The example should be properly formatted as a journal entry. Describe the adjustment and why it is necessary. Also, state the effects on financial statements if this adjustment is not made. 7 You must reply to a minimum of one other students post and critique his/her discussion. DON'T JUST SAY YOU LIKE IT OR ENJOYED IT. if there is a mistake, state it. If you agree, why? A minimum of two to three COMPLETE sentences are required. Discussion Post Rubric: Original reply is at least 3-5 sentences and thoroughly answers all questions. 5 pts Reply to classmate is at least 2-3 sentences long, and goes beyond just agreeing with the post. 5 pts All posts have correct spelling and grammar. 5 pts Posts are constructive and well thought out. 5 pts