Closing Entries

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Resource: Ch. 4 of Financial Accounting

Complete Brief Exercises BE4-14 and answer the following questions.

  • Explain why accountants record closing journal entries, the importance of closing entries and what would happen if these entries were not recorded.

 

Submit as either a Microsoft® Excel® or Microsoft® Word document.

 

Click the Assignment Files tab to submit your assignment.

 

**Due 05/23/2015 by 6 p.m. Central Time