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Begin by preparing the closing entries for Perez Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations
Begin by preparing the closing entries for
Perez
Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.)
| Journal Entry | ||||||
| Date | Accounts | Debit | Credit | |||
| (1) Dec | 31 |
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