
Concept explainers
(a)
Journalizing: Journalizing is the process of recording the transactions of an organization in a chronological order. Based on these
T-Account: T-Account is a form of ledger account in which the debit entries are shown at the left side of the account and credit entries are shown at the right side of the account.
Post-Closing
To prepare: The closing entries as on April 30, 2019.
(b)
To Prepare: T-Accounts of Income Summary.
(c)
To Prepare: Post-Closing Trial Balance.

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Chapter 4 Solutions
FINANCIAL ACCOUNTING W/WILEY+ >IP<
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