Question: Why are adjusting entries necessary? O To correct errors due to erroneous recording of journal entries O To update amounts in retained earnings for activity

Why are adjusting entries necessary? O To correct errors due to erroneous recording of journal entries O To update amounts in retained earnings for activity that occurred during the per O To remove the balances of temporary accounts so that financial statements can b O To update accounts due to resources used, amounts expired due to the passage c recorded

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