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American Chip Corporation's fiscal year - end is December 3 1 . The following is a partial adjusted trial balance as of December 3 1
American Chip Corporation's fiscal yearend is December The following is a partial adjusted trial balance as of December
entries
tableAccount Title,Debits,CreditsRetained earnings,,Sales revenue,Interest revenue,,Cost of goods sold,Salaries expense,Rent expense,Depreciation expense,Interest expense,Insurance expense,
Required:
Prepare the necessary closing entries at December
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