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help please Post the closing journal entries and calculate and enter balances. Assume Tobicue closes its books monthly. (Post entries in the order of journal
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Post the closing journal entries and calculate and enter balances. Assume Tobicue closes its books monthly. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.) \begin{tabular}{|lr|l|} \multicolumn{3}{|c|}{ Prepaid Advertising } \\ \hline Aug. 1 & 360 & Aug. 31 Adj. \\ \hline Aug. 31 Bal. & 180 & \\ \hline \end{tabular} Aug. 31 Adj. Salaries Expense \begin{tabular}{lr} \hline Aug. 10 & 1,880 \\ Aug. 24 & 2,640 \\ Aug. 31 Adj. & 1,470 \\ \hline Aug. 31 Bal. & 5,990 \\ \hline \end{tabular} Rent Expense \begin{tabular}{lr|} \hline & \\ \hline Aug. 31 Adj. & 185 \\ \hline & Depreciatio \\ \hline \end{tabular} Income Summary Prepare the closing journal entries, assuming lily closes its books monthly Step by Step Solution
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