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Close all the expense accounts for the period and calculate the post-closing balance (Bal.) of each expense account and the Service Revenue account. For any

Close all the expense accounts for the period and calculate the post-closing balance ("Bal.") of each expense account and the Service Revenue account. For any account with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the Income Summary account. Do not close the Income Summary account in this step.

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