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T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate enter the Balance (Bal.)
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate enter the Balance (Bal.) before posting the entry to close out the account. Income Summary Service Revenue Cash Furniture Accumulated Depreciation - Furniture Salaries Expense Depreciation Expense - Furniture Insurance Expense Utilities Expense Rent Expense Salaries Payable Unearned Revenue Common Stock
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