Question: Due Friday An initial post must be posted by Friday. Please respond to the following questions: What are the steps in the closing process? How

 Due Friday An initial post must be posted by Friday. Please

Due Friday An initial post must be posted by Friday. Please respond to the following questions: What are the steps in the closing process? How and why is the income summary account used in this process? Are all accounts closed out or just certain accounts? Why? What final step do we complete to ensure the accounts are still in balance after closing? Due Monday Reply to at least 2 of your classmates or faculty. Be constructive and professional in your responses

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