Closing entries _____. Select one: a. need not be journalized if adjusting entries are prepared b. need

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Closing entries _____.

Select one:

a. need not be journalized if adjusting entries are prepared

b. need not be posted if the financial statements are prepared from the worksheet

c. are not needed if adjusting entries are prepared

d. must be journalized and posted

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470873991

IFRS Edition

Authors: kieso, weygandt and warfield.

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Posted Date: Jan 19, 2021 09:09 AM

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Closing entries _____. Select one: a. need not be journalized if adjusting entries are prepared b. need

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Required solution Answer option must be journalized and posted Explanation Because i... View the full answer

Intermediate Accounting

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