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The purpose of adjusting entries is to Multiple Choice Prepare the revenue and expense accounts for recording the revenue and expenses of the next accounting

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The purpose of adjusting entries is to Multiple Choice Prepare the revenue and expense accounts for recording the revenue and expenses of the next accounting period Correct errors made during the accounting period. Record certain revenue and expenses that are not properly measured in the course of recording daily routine transactions Update the owners' equity account for the changes in owners' equity that had been recorded in revenue and expense accounts throughout the period

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