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1 (5 Marks): In reviewing the accounts of Pioneer Co. at the end of the year, you discover that adjusting entries have not been made.

1 (5 Marks): In reviewing the accounts of Pioneer Co. at the end of the year, you discover that adjusting entries have not been made. Required: Write a memo to the owner of Pioneer Co. that explains the following: a) The nature of adjusting entries! b) Why adjusting entries are needed c) The types of adjusting entries that may be made

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