The researchers said these diseases will account for nearly $500 billion in total health care spending. Current estimates suggest that the yearly medical cost of adult obesity today is between $147 billion and $210 billion, the study said.he researchers said these diseases will account for nearly $500 billion in total health care spending. Current estimates suggest that the yearly medical cost of adult obesity today is between $147 billion and $210 billion, the study said.
In addition, the adjustments tend to be forced upon the accountant because the accounting cycle is coming to an end. and the financial statements need to be prepared. Closing entries occur at the end of the accounting cycle as well. These entries are made in order to. prepare for a new accounting cycle. For example, we do not want to carry over the amounts in cost of. goods sold expense account into the next cycle. Rather, we want that account to start fresh from a zero. balance.
Adjusting entries are journal entries that are made to adjust the balances of certain accounts, usually at the end of a period. An example of an adjusting entry is accumulatin â¦ g depreciation on equipment. Another example would be reducing the balance of Office Suplies Inventory to its end of period amount. An error correction entry is just as it sounds. It's an entry to correct an error.