Closing Entry: What It Is and How to Record One
Only income statement accounts help us summarize income, so only income statement accounts should go into income summary. Our discussion here begins with journalizing and posting the closing entries (Figure 5.2). These posted entries will then translate into a post-closing
Stages of Alcoholism: Early, Chronic, and End Stage
If you’re not certain how much you drink, consider using an app on your phone like Reframe. Use this app to count how many drinks you have and identify what tends to make you drink more. Finally, support groups, such