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Can you please help me answer this question for my study guide? I need to meet a 175 word count Adjusting entries are needed to
Can you please help me answer this question for my study guide? I need to meet a 175 word count
Adjusting entries are needed to ensure that revenues are recorded in the period they are earned, and expenses recorded in the period they are incurred. It is also necessary to ensure that the revenue recognition and matching principles are followed. After the adjusting entries are journalized, a trial balance is prepared; why do you think that is the case
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