The end-of-period adjusting entries are:

Question

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End-of-period adjusting entries are recorded in the journal and then posted in the ledger. This is because adjusting entries often involve accruals or deferrals that need to be recognized in the current period, even though the transaction may have occurred in a different period. Therefore, it is important to adjust the accounts before preparing the financial statements. Recording the adjusting entries in the journal allows for proper documentation of the transaction, and posting them in the ledger ensures that the accounts are up-to-date and accurate for the preparation of the financial statements.

The End-Of-Period Adjusting Entries Are