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Unformatted text preview: it +) goes to B/S for this year. Accounting Cycle: Chapter 3:
4. Original Entries – during the year
Adjusting Entries – at year end
Closing Entries – at year end
Reversing Entries – 1st day of new year P3-5 Prep.
Given Partial Trial Balance: Use this for balance information & for account titles used in original entries
Part B: Amounts shown on Income Statement
Trial Balance + or < > amount of Adjusting entry.
Closing Entries (at year end):
Same 4 Entries: get Income Statemen...
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- Fall '12