Journal Entries Recorded at the End of Each Accounting Period

question 8

Multiple Choice

Journal entries recorded at the end of each accounting period to prepare the revenue, expense, and withdrawals accounts for the upcoming year and to update the owner's capital account for the events of the year just finished are

• A) Adjusting entries
• B) Closing entries
• C) Final entries
• D) Work sheet entries
• E) None of these answers is correct.

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