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. Please journalize the closing entries from the attached 10-column worksheet. Use the attached template to complete your General Journal. (#2 is already complete and can be used as a reference in explaining question #1) The excel spreadsheet will be attached.
Please explain the purpose of adjusting entries and closing entries. In a 1-2-pa
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