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The transactions of Echo Systems for October through December 2020 have been recorded in the problem segments in Chapters 2

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The transactions of Echo Systems for October through December 2020 have been recorded in the problem segments in Chapters 2 and 3, as well as the year-end adjusting entries. Prior to closing the temporary accounts for 2020, the accounting system is modified to include the Income Summary account, which is given the number 901.


Required

1. Record and post the appropriate closing entries.

2. Prepare a post-closing trial balance.

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Part 1 Closing entries and general ledger accounts General Journal Page G6 Date Account Titles and Explanation PR Debit Credit 2020 Closing entries De…View the full answer


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Related Book For  answer-question
Fundamental Accounting Principles Volume I

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Details
Chapter # 4
Section: COMPREHENSIVE PROBLEM
Problem: 1
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Question Posted: December 30, 2019 04:35:22
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