Week 2 Discussion 2

Prior to beginning work on this discussion, read Chapter 4 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

Describe the year-end closing process.

What are the four steps in the closing process? Provide an example journal entry for each.

What is the difference between temporary and permanent accounts?

Chapter 4 in the textbook below, please cite your references

  Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren’s accounting (12th ed.). Retrieved from https://pearson.com  

 https://etext.pearson.com/eplayer/pdfbook?bookid=113673&userid=26444093&smsuserid=99578917&languageid=1&roletypeid=2&scenario=11&sessionid=3897d7fb9744dbb83397c8026678751f&invoketype=et1&bookserver=1&platform=1030&uid=20181106103405&ubd=20181106103405&ubsd=20181106103405&pagenumber=1&hsid=bed3153bd54b733ad60587fef536de85