Use the information from the trial balance in E3-34 to prepare the closing journal entry and post-closing
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Use the information from the trial balance in E3-34 to prepare the closing journal entry and post-closing trial balance for Kuskonook Inc. for its December 31, 2017 year-end.
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Closing Entry December 31 2017 DR CR Revenue 6650000 Cost of sales 2445000 Depreciation expense 2500...View the full answer
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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