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Adjusting entries are journal entries made at the end of theaccounting period to (select all that apply):

Question 1 options:

Assign revenues to the periods in which they are earned.

Update the Owner's, Capital account to its proper balance.

Update asset accounts to their proper balances.

Assign expenses to the periods in which they are incurred.

Update liability accounts to their proper balances.

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Jamar Ferry
Jamar FerryLv2
29 Sep 2019
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