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    Financial and Managerial Accounting Study Set 8
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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    Closing Entries An Adjusted Trial Balance for Tiger,Inc. ,At December 31 Appears
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Closing Entries An Adjusted Trial Balance for Tiger,Inc. ,At December 31 Appears

Question 119

Question 119

Essay

Closing entries
An Adjusted Trial Balance for Tiger,Inc. ,at December 31 appears below. Closing entries An Adjusted Trial Balance for Tiger,Inc. ,at December 31 appears below.   Prepare journal entries to close the accounts.Use four entries to: (1)close the revenue account, (2)close the expense accounts, (3)close the Income Summary account,and (4)close the Dividends account.   Prepare journal entries to close the accounts.Use four entries to: (1)close the revenue account, (2)close the expense accounts, (3)close the Income Summary account,and (4)close the Dividends account.
Closing entries An Adjusted Trial Balance for Tiger,Inc. ,at December 31 appears below.   Prepare journal entries to close the accounts.Use four entries to: (1)close the revenue account, (2)close the expense accounts, (3)close the Income Summary account,and (4)close the Dividends account.

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