• What are adjusting entries and why are they made? Explain your statements.
• Prepare the original journal entries and the adjusting journal entry for each of the four groups of adjusting entries.
• Your journal entries for each of the four types should include two entries. The first entry will establish the account and the second entry will adjust the account.

Resource

Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren's accounting (12th ed.). Pearson.