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Closing entries: A. need not be journalized since they appear on the worksheet. B. need not be posted if the financial statements are prepared from
Closing entries:
A. need not be journalized since they appear on the worksheet. | ||||||||||||||
B. need not be posted if the financial statements are prepared from the worksheet. | ||||||||||||||
C. are not needed if adjusting entries are prepared. | ||||||||||||||
D. must be journalized and posted.
The correct order for closing accounts is:
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