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(d) Prepare closing entries. Account Name DEBIT CREDIT December 1 Preferred Shares $4.000 June 30 Shares of $500 Common stock October 31 Revenue $462,500 October
(d) Prepare closing entries. Account Name DEBIT CREDIT December 1 Preferred Shares $4.000 June 30 Shares of $500 Common stock October 31 Revenue $462,500 October 31 Operating $370,000 Expenses October 31 Income Tax $92,500
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
