Set up T-accounts for only those accounts affected by the adjusting and closing entries in Exercise 4-1.

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Set up T-accounts for only those accounts affected by the adjusting and closing entries in Exercise 4-1. Post the adjusting and closing entries from Exercise 4-2 to the accounts, identifying adjustment amounts as Adj., closing amounts as Clo., and balances as Bal. Double underline the accounts with zero balances after you close them and show the ending balance in each account.
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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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