You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department. Explain why adjusting entries are necessary. Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each. Describe how these entries would be recorded in a computerized accounting system. Describe 1 ethical issue that could result from the preparation of these manufacturing entries.
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(More) Reading Assignment:
Accounting I & II, chapters 3 & 4 Due Date:
8/4/2013 11:59:59 PM (2 Days) Total Pts:
100 Points Earned:
3-4 pages Assignment Type: