Jacksonville Aviation Authority Jacksonville, Florida COMPREHENSIVE ANNUAL FINANCIAL REPORT



Using the Annual Report of your selected company answer the following questions in the Discussion:

  • What are adjusting entries and why are they necessary?
  • In your chosen company, which accounts might require adjusting entries?
  • Why is it unethical not to record adjusting entries when required? What difference does it make?
  • What is the purpose of an adjusted trial balance?

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