help with accounting 20

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I need 200 words for each question

  1. We just ran our post-closing trial balance and everything’s perfect! You are the accountant for this company.
    • Explain why you want reversing entries to be used
    • Explain why you would not want to use reversing entries
  2. What kind of company(ies) would use cash accounting? Explain why. How does it differ from accrual accounting?

I also need help with Wiley Plus 3 and 4 Homework (11 question)

 
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