Adjusting entries are needed to ensure the revenues and expenses are recorded in

Adjusting entries are needed to ensure the revenues and expenses are recorded in the correct period. There are four different types of adjusting entries required for accrual basis accounting. These are (1) deferred revenue; (2) deferred expenses; (3) accrued revenue; and (4) accrued expenses.
Choose one of these types of adjusting entries, discuss the accounts that would be impacted by that entry, and how that adjustment will impact the financial statements.
THIS DOES NOT NEED TO BE A FULL-PAGE DISCUSSION.

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