There are two different types of adjustments that accountants make at the end of the period, deferrals and accruals. There are deferred revenue, deferred expenses, accrued revenue and accrued expenses.

Using the Fortune 500 company (Walmart) , think about the company and what type of adjustment might this company make at the end of the fiscal period (month, quarter or year). Tell us about that adjustment, explain why the company would make the adjustment, what type of adjustment it is (deferred revenue, deferred expenses, accrued revenue or accrued expenses) and give an example of the adjustment including the journal entry.