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In reviewing the accounts of Bubba Gump Shrimp Co. at the end of the year, you discover that adjusting entries have not been made. Write
In reviewing the accounts of Bubba Gump Shrimp Co. at the end of the year, you discover that adjusting entries have not been made.
Write a memo to Forrest Gump, the owner of Bubba Gump Shrimp Co., that explains the following: the nature and purpose of adjusting entries, why adjusting entries are needed, and the types of adjusting entries that may be made.
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