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Assume further that the owner of the firm is Armando Soto and that the Armando Soto Drawing account had a balance of 26 700 on

Assume further that the owner of the firm is Armando Soto and that the Armando Soto Drawing account had a balance of 26 700 on December 31 2016 Prepare the entries that should be made in the general journal to close the revenue cost of goods sold expense and other temporary accounts

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