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Year-End Closing Process [WLOS: 1, 2, 3, 4] [CLOS: 1, 2] Prior to beginning work on this discussion, read Chapter 4 in the textbook. In

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Year-End Closing Process [WLOS: 1, 2, 3, 4] [CLOS: 1, 2] Prior to beginning work on this discussion, read Chapter 4 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional). Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. Describe the year-end closing process. What are the four steps in the closing process? Provide an example journal entry for each. What is the difference between temporary and permanent accounts

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