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hi everyone in this video iamp;#39;m going to walk you through the adjusting journal entries for accruing expenses so iamp;#39;m going to start off with just a primer here when we talk about accruals and how they differ from deferrals deferrals typically involve a journal entry occurring during the period because of some sort of economic activity and then a a partial or full reversal of that journal entry at the end of the period and thatamp;#39;s the adjusting entry you get to the end of the period youamp;#39;re reviewing your financials and you say hey um we need to back part of this out all right thatamp;#39;s typically how deferrals work thereamp;#39;s a starting entry then thereamp;#39;s the adjustment that comes later with accruals there is not typically a starting journal entry that is reversed later typically with accruals itamp;#39;s just a matter of some sort of economic activity occurred but it hasnamp;#39;t been recorded yet and so in this um uh video iamp;#39;m s