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Homework answers / question archive / Week 2 Discussion Question 2 Explain the purpose of adjusting entries

Week 2 Discussion Question 2 Explain the purpose of adjusting entries

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Week 2 Discussion Question 2

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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