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The Income Statement and Balance Sheet Columns Below Are from the Work

Question 56

Essay

The Income Statement and Balance Sheet columns below are from the work sheet of a merchandising firm, J. D. Enterprise, for the year ended December 31, 20--.
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Required:
Prepare the closing entries for the merchandising firm. The Income Statement and Balance Sheet columns below are from the work sheet of a merchandising firm, J. D. Enterprise, for the year ended December 31, 20--. ​ Required: Prepare the closing entries for the merchandising firm.

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