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Concept explainers
Concept Introduction:
Adjusting entries:
Closing entries: Closing entries are recorded for the purposes of making income summary as zero and the new reporting period will start with zero balances.
To Prepare:
(a) Adjusting entries of Emiko Co. at year end- December 31,2017
(b) Closing entries of Emiko Co. at year end- December 31,2017
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Chapter 5 Solutions
Loose Leaf for Fundamental Accounting Principles
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