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7. Journalize the closing entries. After you have completed this step, print out the problem and your answer to use in the next step. Although
7. Journalize the closing entries. After you have completed this step, print out the problem and your answer to use in the next step. Although you will complete the actual posting in the next step, enter the appropriate posting reference number in the general journal at this time. (Hint: Close all expense and revenue account balances listed in the Income Statement columns of the work sheet. Then, close Income Summary.) If an amount box does not require an entry, leave it blank
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