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