Refer to the data for Rocky Mountain Resort Inc. in P4-12B. Instructions (a) Prepare the closing journal

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Refer to the data for Rocky Mountain Resort Inc. in P4-12B.

Instructions

(a) Prepare the closing journal entries.

(b) Post the closing entries to the T accounts prepared in P4-12B.

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Financial Accounting Tools for Business Decision Making

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 09:54 AM

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Refer to the data for Rocky Mountain Resort Inc. in P4-12B. Instructions (a) Prepare the closing journal

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a Closing Entries 2015 Aug 31 Rent Revenue 553000 Income Summary 553000 31 Income Summary 464960 Salaries Expense 307680 Utilities Expense 78320 Repai...View the full answer

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