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Accounting Cycle Steps 5 & 8: Adjusting & Closing Entries to Retained Earnings (Perpetual Method)
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This video shows the adjusting and closing journal entries used by corporations merchandisers who track inventory with the perpetual method. This video shows closing entries made directly to Retained Earnings, which is the most common method.
@ProfAlldredge
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@ProfAlldredge
For best viewing, switch to 1080p
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