I need help.. what are the methods to adjust those accounts that need to be adjusted... what is the reason why there's an adjusting entries?thnks a lot...

Adjusting entries affect one Balance Sheet account and one Income Statement account. The reason for adjusting entries is because of U.S. GAAP and the Matching Principle. Some types of adjusting entries are insurance used in the period, revenues earned, supplies or depreciation used. Interest incurred, etc.