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Could someone please look over this and confirm the answer. Thank you. ElecBooks Corporation provides an online bookstore for electronic books. The following is a
Could someone please look over this and confirm the answer. Thank you.
ElecBooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30, 2020. 2. Prepare the closing entry required at September 30, 2020. (Enter your answers in thousands. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before creditsStep by Step Solution
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