Prepare four closing entries: a. Close the revenue account(s) to Income Summary. b. Close the expense accounts
Question:
Prepare four closing entries:
a. Close the revenue account(s) to Income Summary.
b. Close the expense accounts to Income Summary.
c. Close Income Summary to the owner’s capital account.
d. Close the owner’s withdrawals account to the owner’s capital account.
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a Close the revenue accounts to Income Summary Debit Revenue Acc...View the full answer
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