Adjusting journal entries still need to be made after the worksheet is completed; otherwise the account balances will not be correct.
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Q85: Which of the following transactions could cause
Q86: Which of the following accounts will appear
Q87: The entry to close the Freight-in account
Q88: In the process of closing entries, the
Q89: Ending inventory is adjusted by debiting Merchandise
Q91: Beginning inventory is adjusted by debiting Merchandise
Q92: After the closing process, the permanent accounts
Q93: The post-closing trial balance is prepared from:
A)
Q94: When closing income statement accounts having credit
Q95: The adjusting entry to record Service income
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