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Summarize the closing process by listing the closing entries in the order in which they would occur at the end of the accounting period. Step

Summarize the closing process by listing the closing entries in the order in which they would occur at the end of the accounting period. Step 1: Close Income balance accounts. Statement (credit/debit) balance accounts. Step 2: Close Income Statement (credit/debit) Step 3: Close income (summary/dividends) Step 4: Close (income summary/dividends)

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