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4. What is an Adjusting Entry?

in Chapter 3 (Video 4 of 10)
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What even is an Adjusting Entry? Why do we have to make them?

The Rest Of The Videos

1 Cash vs. Accrual Accounting 7:21
2 Expense Recognition 8:07
3 Accruals and Deferrals 15:07
4 What is an Adjusting Entry?
You are here. 		4:11
5 Adjusting Entry: Supplies 1:54
6 Adjusting Entry: Wages 4:52
7 Adjusting Entry: Unearned Revenue 2:11
8 Adjusting Entry: Interest 2:03
9 Contra-accounts 4:40
10 Depreciation 7:10
Chapter 4 →

Chapter 3 Practice Problems

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1 Revenue Journal Entry Easy
2 Adjusting Entry Identification Easy
3 Revenue Recognition Easy
4 Revenue Recognition Easy
5 Adjusting Entry - Salaries Payable Moderate
6 Adjusting Entry - Wage Expense Moderate
7 Determining Net Income From Journal Entries Moderate
8 Determining Net Income From Transactions Moderate
9 Prepaid Rent Moderate
10 Revenue Recognition Moderate
11 Adjusting Journal Entries Hard
12 Adjusting Journal Entries Hard
13 Revenue and Expense Recognition Hard
14 The Effect of Transactions Hard
15 When You Forget to do Adjusting Entries Hard
← Chapter 2

Did I miss anything in Chapter 3?

What Did I Miss?