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A. prepare journal entries to close accounts (1) close revenue account (2) close expense account (3) close income summary account (4) close dividends account b.
A. prepare journal entries to close accounts
An Adjusted Trial Balance for My Inc., on December 31 appears below. A: Prepare journal entries to close the accounts. Use four journal entries to: (1) close the revenue account, (2) close the expense accounts, (3) close the Income Summary account, and (4) close the Dividends account. B: Provide after closing Trial Balance (1) close revenue account
(2) close expense account
(3) close income summary account
(4) close dividends account
b. provide after closing trial balance
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