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Please provide a minimum 150-word response to these questions: Describe the purpose of adjusting entries, closing entries, and the post-closing trial balance. What is the

Please provide a minimum 150-word response to these questions:

Describe the purpose of adjusting entries, closing entries, and the post-closing trial balance. What is the most important output of the accounting cycle? What are the most difficult part of the accounting cycle for you to understand?

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