In reviewing the accounts of Kelli Taylor Co. at the end of the year, you discover that

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In reviewing the accounts of Kelli Taylor Co. at the end of the year, you discover that adjusting entries have not been made.

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Write a memo to Kelli Taylor, the owner of Kelli Taylor Co. that explains the following: the nature and purpose of adjusting entries, why adjusting entries are needed, and the types of adjusting entries that may be made.

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Mar 02, 2015 09:27 AM

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In reviewing the accounts of Kelli Taylor Co. at the end of the year, you discover that

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