Provide a thorough and broad overview of all four types of adjusting entries. In addition, provide an illustration of each type of adjusting entry. 1. Adjusting Entries for Accruals, 2. Adjusting Entries for Deferrals, 3. Adjusting Entries for Depreciation, 4. Adjusted Trial Balance.
Discussion instructions:
Your response should (1) answer the question directly, (2) be substantive and in your own words as much as possible, (3) include an illustration, (4) be posted by the due date, and (5) should be a minimum of 150 words in length.