Question: Chapter 4 1. 2. 3. 4. 5. Give an example that shows that difference between the cash basis and the accrual basis of accounting. Give

Chapter 4 1. 2. 3. 4. 5. Give an example that shows that difference between the cash basis and the accrual basis of accounting. Give an example of each of the four major types of adjusting entries. Describe the nature and purpose of the adjusted trial balance. Describe how closing entries are made. List the required steps in the accounting cycle

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