Within the Discussion Board area, write up to 400500 words that respond to the following questions with your thoughts and ideas. Be substantive and clear, and use examples to reinforce your ideas. The following questions must be answered in the report to receive full credit: Define the accounting equation. Define, explain, and example the following: Asset, Liability, Equity, Revenue, and Expense List some accounts and if they are an Asset, Liability, Equity, Revenue, and Expense types (Hint, see examples in your text). What is an adjusting entry? Why is an adjusting entry important? What accounts are adjusted and what accounts are not adjusted? Why? Provide two adjusting entry examples. What do you find difficult about adjusting entries? What is difficult to understand?

*ACCOUNTING*
Within the Discussion Board area, write up to 400-500 words that respond to the following questions with your thoughts and ideas. Be substantive and clear, and use examples to reinforce your ideas.
The following questions must be answered in the report to receive full credit:
Define the accounting equation.
Define, explain, and example the following: Asset, Liability, Equity, Revenue, and Expense
List some accounts and if they are an Asset, Liability, Equity, Revenue, and Expense types (Hint, see examples in your text).
What is an adjusting entry?
Why is an adjusting entry important?
What accounts are adjusted and what accounts are not adjusted? Why?
Provide two adjusting entry examples.
What do you find difficult about adjusting entries? What is difficult to understand?