The Income Statement and Balance Sheet columns below are from the work sheet of a merchandising firm, J. D. Enterprise, for the year ended December 31, 20--.
Required:
Prepare the closing entries for the merchandising firm. 
Correct Answer:
Verified
Q72: Match the terms with the definitions.
-This statement
Q73: Match the terms with the definitions.
-Cash and
Q74: Match the terms with the definitions.
-Those expenses
Q75: The following adjusted trial balance was taken
Q76: The adjusting entries for Down Town Cafe
Q78: The Income Statement and Balance Sheet columns
Q79: Match the terms with the definitions.
-Assets that
Q80: The Income Statement and Balance Sheet columns
Q81: Match the terms with the definitions.
-An account
Q82: Match the terms with the definitions.
-A written
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