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Accounting cycle

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You are provided with the month-end trial balance and data needed for the month-end adjustments for a merchandising company. The data is contained in the attachment. Complete the ledger accounts, the adjusted trial balance for the month-end, and prepare the financial statements. In addition, journalize and post the adjusting and closing entries. You are also required to post the adjusting and closing entries, using dates.

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Solution Summary

The solution explains the accounting cycle till the posting of closing entries

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