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4. Journalize and post the closing entries at December 31, 2024 . T-accounts for Income Summary and Winter Capital have been opened for you. Determine

4. Journalize and post the closing entries at December 31, 2024 . T-accounts for Income Summary and Winter Capital have been opened for you. Determine the ending balance for each account. Denote each closing amount as Clos. and each account balance as Bal.

5. Prepare a post-closing trial balance at December 31, 2024.

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