=+9. Prepare and post the closing entries. (Income Summary is account #33 in the chart of accounts.)

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=+9. Prepare and post the closing entries. (Income Summary is account #33 in the chart of accounts.) Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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