Question: Salinas Trailer Rental rents small trailers by the day for

Salinas Trailer Rental rents small trailers by the day for local moving jobs. Its adjusted trial balance at the end of the current fiscal year follows.


Required
1. From the information given, record closing entries.
2. If closing entries were not prepared at the end of the accounting period, what problems would result in the next accountingperiod?


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  • CreatedMarch 26, 2014
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