ACC 290 CheckPoint week 3 Reversing Entries

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.