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After the accounts have been adjusted at December 31, the end of fiscal year, the following balances were taken from the ledger of Company: Required:
After the accounts have been adjusted at December 31, the end of fiscal year, the following balances were taken from the ledger of Company:
Required:
1. Journalize the four entries required to close the accounts
with detailed explanation plz
AccountCashInventoriesAccountspayableCapitalDrawingSalesCostofgoodssoldMiscellaneousexpenseAmount($)10500200005500100001000140005000500 Step by Step Solution
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