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Journalize the closing entries necessary to close out all the temporary accounts. After the accounts have been adjusted at October 31. the end of the
Journalize the closing entries necessary to close out all the temporary accounts. After the accounts have been adjusted at October 31. the end of the thical year, the following balances were taken from the lodger of Reap Business James Rep. Capital James Reap, Drawing Fees med We expense Restpost Miscellaneous pense $500.000 125.000 750,000 400.000 75.000 5.000 Journalize the closing entries necessary to close out all temporary accounts. Not all lines may be used Debit Credit DATE 10/31 10/31
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