Year-End Closing Process

Prior to beginning work on this discussion, read Chapter 4 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.
• Describe the year-end closing process.
• What are the four steps in the closing process? Provide an example journal entry for each.
• What is the difference between temporary and permanent accounts?

Book

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