Hello,

I am working on an accounting term project. We are asked to analyze two sets of business events, transactions and related information for a company. The two sets of business events are two quarters (three month periods). For each quarter we are required to: analyze, journalize, post (to T-accounts) all necessary transactions, make any necessary adjusting entries, and prepare an income statement (after making all necessary closing entries), and a balance sheet.

QUESTION: For the adjusting entries, would I make necessary adjusting entries at the end of every month in each quarter, or, at the end of each quarter?

Based on the information provided I would do adjusting entries at the end of each quarter.