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I need help with this question! I cannot figure out the Journal entries or T-accounts. Thank you so much! JOURNAL ENTRIES: Record the closure of
I need help with this question! I cannot figure out the Journal entries or T-accounts. Thank you so much!
JOURNAL ENTRIES:
Record the closure of expense accounts.
Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieldStep by Step Solution
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