I need help with this question how do idescribe the two main types of adjusting entries (deferrals and accruals), along with an example, 1 example of each of the 2 types deferrals and accruals . ( I need to have two complete journal entries one deferral entry, and one accrual entry - I must have a debt account and a credit account with made up amounts in my entry. I think I am confused with the deferral entry, accrual entry.