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1). Explain what an Unadjusted Trial Balance is. What is the relationship between the Unadjusted Trial Balance, adjusting journal entries, and the Adjusted Trial Balance?

1). Explain what an Unadjusted Trial Balance is. What is the relationship between the Unadjusted Trial Balance, adjusting journal entries, and the Adjusted Trial Balance?

2). Finally, what do we do with the Trial Balance, and what statements is it used to produce?

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