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ACC 205 Week 2 DQ 2 Adjusting Entries

ACC 205 Week 2 DQ 2 Adjusting Entries

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ACC 205 Week 2 DQ 2 Adjusting Entries

Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe the four closing entries and explain their purpose. Respond to at least two of your classmates’ postings. 

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