Check point

 

Read “The Adjusted Trial Balance and Financial Statements” to “Appendix 4A” sections in Ch. 4 of Financial Accounting.

 

CheckPoint

Reversing Entries

Write a 200- to 300-word paragraph answering the following questions:

 

·       What are the pros and cons of using reversing entries?

·       Why are reversing entries optional?

 

Format your paragraph consistent with APA guidelines.

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