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In this discussion, you will introduce yourself and meet your instructor and classmates. Your initial post is due 11:59 PM on Wednesday. The initial post should be at least 200 words. The replies to at least two of your classmates are due on 11:59 PM on Sunday. The replies should be at least 100 words each. The discussion will be graded and feedback provided within 5 business days after the due date has passed. e Your Initial Post In your initial post, you will need to include the following: 1. Why do we have to make Adjusting Entries? 2. How many types of adjusting entries exist? Which ones? 3. Why are adjusting entries so important for the truthfulness of the information presented in the financial statements? 4. Explain what would happen to the income statement's accounts if the adjusting entries are omitted. 5. Explain what would happen to the balance sheet's accounts if the adjusting entries are omitted.

In this discussion, you will introduce yourself and meet your instructor and classmates. - Your initial post is due 11:59 PM on Wednesday. The initial post should be at least 200 words. - The replies to at least two of your classmates are due on 11:59 PM on Sunday. The replies should be at least 100 words each. - The discussion will be graded and feedback provided within 5 business days after the due date has passed. Your Initial Post In your initial post, you will need to include the following: 1. Why do we have to make Adjusting Entries? 2. How many types of adjusting entries exist? Which ones? 3. Why are adjusting entries so important for the truthfulness of the information presented in the financial statements? 4. Explain what would happen to the income statement's accounts if the adjusting entries are omitted. 5. Explain what would happen to the balance sheet's accounts if the adjusting entries are omitted

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