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18 Nov Please explain the purpose of adjusting entries and closing entries

Posted at 06:48h in accounting by

Order Instructions

This assignment has 2 parts, as follows:

 

 

1.Please explain the purpose of adjusting entries and closing entries. In a 1-2-page paper, not including the title and reference pages, detail what each accomplishes, and give examples of each.

2.Please journalize the closing entries from the attached 10-column worksheet. Use the attached template to complete your General Journal.

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