Record the entry to close income summary account. Note: Enter debits before credits. Record the...
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Accounting
Record the entry to close income summary account. Note: Enter debits before credits. Record the entry to close the withdrawals account. Note: Enter debits before credits. Record the entry to close expense accounts. Note: Enter debits before credits. Prepare the December 31 post-closing trial balance. Note: The Owner, Capital account balance was $46,272 on Di of the prior year. Record the entry to close revenue accounts. Note: Enter debits before credits. Following are accounts and year-end adjusted balances of as of December 31
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