Describe the type of adjusting entry (one of the four types above)
Step 1: In your initial post discuss the one type of adjusting entry:
Write an initial 3 paragraph discussion and post it to the discussion board with the following information:
The subject should be the type of entry you are describing (one of the four types above).
The company name you are interning with. (You are making this up. What is your dream company to intern with?)
Describe the type of adjusting entry (one of the four types above) and why your company needs to make it.
Record the entry in the proper journal entry format (dates, account titles, debit/credit columns, amounts).
Include any initial entry from the previous period.