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What is Closing Entries for Beauty Salon about?

The document contains two examples of closing entries for a beauty salon. The first example shows closing entries dated December 31st that close revenue and expense accounts to an income summary account. The second example shows additional closing entries dated December 31st that close various revenue and expense accounts using accounts like accumulated depreciation, unearned rent, prepaid insurance, salary payable, and supplies. Both examples close the income summary account to retained earnings on Decembe

Author

Đức Tiến

Language

EN