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Record the entry to close expense accounts. Record the entry to close income summary account. Record the entry to close the withdrawals account. 1. Prepare
Record the entry to close expense accounts.
Record the entry to close income summary account.
Record the entry to close the withdrawals account.
1. Prepare the December 31 closing entries. The account number for Income Summary is 901 . 2. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $44,628 on December 31 of Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before creditsStep by Step Solution
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Designing Strategic Cost Systems How To Unleash The Power Of Cost Information
Authors: Lianabel Oliver
1st Edition
9780471653585
