ACCT205 Phase 2 IP - ACCT 205 phase 2 IP (Graded A+) - 36473

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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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answer IP 2.docx
answer IP 2.doc...