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The following list includes temporary accounts with normal balances is from the December 3 1 adjusted trial balance of Emiko Company. Use these normal account
The following list includes temporary accounts with normal balances is from the December adjusted trial balance of Emiko Company. Use these normal account balances to journalize closing entries.
Record closing of credit balances in temporary accounts.
Record closing of debit balances in temporary accounts.
Record closing of income summary account.
Record closing of dividends accounts.
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