Question: Begin by preparing the closing entries for Perez Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations

Begin by preparing the closing entries for

Perez

Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.)

Journal Entry

Date

Accounts

Debit

Credit

(1) Dec

31

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