A portion of the work sheet for Wilderness Rentals for the period ended December 31 follows. Using

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A portion of the work sheet for Wilderness Rentals for the period ended December 31 follows.

Using the information from the work sheet, prepare the journal entries to close the temporary accounts.

1. Record the closing entry for the revenue account.

2. Record the closing entry for the expense accounts.

3. Record the closing entry for the Income Summary account.

4. Record the closing entry for the withdrawals account.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 10, 2022 12:13 AM

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A portion of the work sheet for Wilderness Rentals for the period ended December 31 follows. Using

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