Title: Understanding the Four Types of Adjusting Entries Adjusting entries are necessary to accurately reflect the financial position of a company at the end of an accounting period. They are made to ensure that all revenues and expenses are recorded in the correct period

Chapter 3 Discussion Question
Provide a thorough and broad overview of all four types of adjusting entries.  In addition, provide an illustration of each type of adjusting entry.
Response must be at least 150 words, substantive, relevant, and posted by the due date. Open-ended questions to classmates or instructor do not count.