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What are the steps in completing the accounting cycle how

Need assistance with answering 2 participation post for my Accounting Class Thank you

What are the four closing journal entries? In your opinion, why are these necessary?

What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?

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Accounting Basics: What are the steps in completing the accounting cycle how

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Accounting Basics: What are the steps in completing the accounting cycle how

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