Using the source document: 1. Journalize the transaction in a general journal in your working papers. 2.
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Using the source document:
1. Journalize the transaction in a general journal in your working papers.
2. Post the entry to the appropriate T accounts.
3. Assume it is the end of the accounting period. Record the closing entry for this account in the general journal.
4. Post the closing entry to the appropriate T accounts.
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