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American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2024. Requlred: Prepare the necessary

image text in transcribed American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2024. Requlred: Prepare the necessary closing entrles on December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" In the flrst account fleld

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