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Pre-written Papers:

Title: Open

Essay Details:

Subject: Business

Author: Marjorie G

Date: July 30, 2017

Level: University

Grade: A

Length: 1 / 300

Essay text:

Therefore adjusting entries are needed at the end of each accounting period to make certain that appropriate amounts of revenue and expenses are reported in the company's income statement. ? What are the types of adjusting entries: 1. converting assets to expenses a. Go to page 145 & show students Overnight unadjusted trial balance.Explain to them why it is unadjusted. b. Give examples on prepaid expenses, shop supplies, insurance policies. P 146-147 c. Explain the concept of depreciation and accumulated depreciation-P148-150 2. Converting Liabilities to revenue-Explain the concept of unearned revenue or deferred revenue...

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