accounting 411

In this assignment, we will complete the accounting cycle by preparing closing entries that close out the balances of revenue and expenses (temporary or nominal accounts) to the Capital accounting using the Income Summary.

  1. Follow the instructions found in the template
  2. Rename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 4 Assignment Prepare for Closing LastName)
  3. Submit your completed spreadsheet

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