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You are to prepare the journal entries (Closing Entries) required to close the books for Rockford Corporation on December 31, 2019. The closing process is

You are to prepare the journal entries (Closing Entries) required to close the books for Rockford Corporation on December 31, 2019. The closing process is described in Chapter 3 of the textbook. Note: The following relates to Common Stock Authorized 1,000,000 shares Issued 100,000 shares Outstanding 65,000 shares image text in transcribed

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