This is a multiple part question. Please find the annual report for American Airlines Group and use it to answer the following questions. The answers must be thorough. Thank you!

Using the Annual Report of your selected company answer the following questions in the Discussion:

• What are adjusting entries and why are they necessary?
• In your chosen company, which accounts might require adjusting entries?
• Why is it unethical not to record adjusting entries when required? What difference does it make?
• What is the purpose of an adjusted trial balance?