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Give example of each of four major types of adjusting entry

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Question 1: Give an example that shows that difference between the cash basis and the accrual basis of accounting.

Question 2: Give an example of each of the four major types of adjusting entries.

Question 3: Describe the nature and purpose of the adjusted trial balance.

Question 4: Describe how closing entries are made.

Question 5: List the required steps in the accounting cycle.

Reference no: EM132675738

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