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Identify the two steps involved in the analysis process

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Identify the two steps involved in the analysis process for preparing Adjusting entries. Explain why both are Necessary. Why is cash not one of the accounts used in the adjusting entries? How does an accountant know When to make adjusting entries and how do they calculate the amount?

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: Identify the two steps involved in the analysis process

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