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Chapter 5 — Completing the Accounting Cycle

Chapter 5 Outline

5.0  Why It Matters

5.1  Describe and Prepare Closing Entries for a Business

5.2  Prepare a Post-Closing Trial Balance

5.3  Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity

5.4  Appendix: Complete a Comprehensive Accounting Cycle for a Business

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