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Chapter 5
Closing Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Accounts for Closing ,[object Object],[object Object]
Four Step Process ,[object Object],[object Object],[object Object],[object Object]
Post-Closing Trial Balance ,[object Object],[object Object],[object Object],[object Object]
Classified Balance Sheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Classification Groups ,[object Object],[object Object],[object Object]
Classification Groups ,[object Object],[object Object],[object Object]
Current Ratio ,[object Object],[object Object],[object Object],[object Object],Current Ratio = Current Assets Current Liabilities
Homework ,[object Object],[object Object],[object Object],[object Object]
Alternate Correction ,[object Object],Paid two weeks salary including three  days accrued in January 900 270 630 Salaries Payable Salaries Expense Cash Feb.  9 Credit Debit PR Account Titles and Explanation Date

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Closing Process