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All accounts have normal balances. Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter

All accounts have normal balances. Required: 1. Prepare the closing entries. 2. Post the transactions into the appropriate ledger accounts. Hint: Be sure to enter beginning balances. floor[4 Record the closing entry for revenue. Note: Enter debits before credits. Record the closing entry for expenses. Note: Enter debits before credits. Wote: Enter debits before credits. j

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