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Nicholas Company had the following Adjusted Trial Balance for the month ended May 3 1 , 2 0 1 6 . May 3 1 (
Nicholas Company had the following Adjusted Trial Balance for the month ended May May
To close beginning inventory and other income statement accounts with debit balances
To record the ending inventory and close the other income statement accounts with credit balances
To close the income summary account
To close the drawings account
To close the drawings account
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