Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Im doing a huge project for my Acct 2101 class and at the end of the general journal it says to close the revenue accounts,

Im doing a huge project for my Acct 2101 class and at the end of the general journal it says to close the revenue accounts, close the expense accounts, close the income summary account, and close the dividends account. How do I close these out in the general journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credentialing Audits Tools For Compliance And Reduced Liability

Authors: CPMSM Vicki L. Searcy

1st Edition

1578398584, 978-1578398584

More Books

Students also viewed these Accounting questions