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need help with accounting cycle Question 1 of 1 - / 100 ini Date Account Titles and Explanation Debit Credit Macao -110 Post to the
need help with accounting cycle
Question 1 of 1 - / 100 ini Date Account Titles and Explanation Debit Credit Macao -110 Post to the ledger accounts. (Post entries in the order of Joumal entrles presented in the previous part.) Cash Accounts Receivable Supplies Prepaid Insurance -TU Prepaid Insurance Equipment Accounts Payable - / 100 Journalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount) Date Account Titles and Explanation Debit July 31 Credit (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings) July 31 Step by Step Solution
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