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Explain please. Also, disregard the first part of question. A significant amount of time was spent on the closing entries during our class. Explain how

Explain please. Also, disregard the first part of question.

A significant amount of time was spent on the closing entries during our class. Explain how many closing entries need to be made, are there any exceptions, and their overall purpose. Please write in complete sentences. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Open Sans, S... 10pt Ev Ev E

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