This assignment has 2 parts, as follows: Please explain the purpose of adjus

 
This assignment has 2 parts, as follows:
Please explain the purpose of adjusting entries and closing entries. In a 1-2-page, not including the title and reference pages, detail what each accomplishes, and give examples of each.
Please journalize the closing entries from the attached 10-column worksheet. Use the attached template to complete your General Journal.