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1) Record closing entries in the general journal. Notice the enterprise will not use a Price of Income account so all accounts which are used to work out cost of gross sales have to be closed straight to the Gain and Loss Summary account.

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1) Whole the remaining columns within the Particular journals. Information the quantity in the whole row of each journal.

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You will also use this worksheet To help you in preparing the financial statements for Moondollars in a later segment of this exercise established.

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