ACCT 2302
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Sophia accounting milestone 2,100% CORRECT
- Exam (elaborations) • 8 pages • 2020
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If Megan has completed the drawing closing entry, which of the following will she complete next in the closing process?
•
Prepare the balance of the income summary account
•
Prepare an earnings summary
•
Prepare a post closing trial balance of the account
•
Prepare a revenue closing entry
2
The statement of changes in owner's equity is a financial statement _______________ that provides information about changes to the equity of a business for ___________________.
•
prepar...
Exam (elaborations)
Sophia accounting milestone 2,100% CORRECT
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ago
If Megan has completed the drawing closing entry, which of the following will she complete next in the closing process? • Prepare the balance of the income summary account • Prepare an earnings summary • Prepare a post closing trial balance of the account • Prepare a revenue closing entry 2 The statement of changes in owner's equity is a financial statement _______________ that provides information about changes to the equity of a business for ___________________. • prepar...
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