Below is a list of accounts with corresponding ending balances. Prepare one summary entry to close those
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Prepare one summary entry to close those accounts that should be closed at the end of theyear.
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Account Account Balance Account Account Balance hnarance Expense 5120 S1,300 750 c. Accounts Receivable 4,000 2,300 S1,500 e. Interest Payable f. Building 450 200 b. Cash Interest Receivable d. Cost of Goods Sold
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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