Why should the adjusting entries be journalized and posted before the closing entries are made?

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Horngrens Accounting Volume 1

ISBN: 9780136889373

12th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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Question Posted: May 14, 2023 05:52 AM

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Why must the adjusting entries be journalized and posted if they have already been entered on the worksheet?
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Why should the adjusting entries be journalized and posted before the closing entries are made?

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Adjusting entries are journal entries made at the end of an accounting period to update certain acco...View the full answer

Horngrens Accounting Volume 1

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