Accounting Cycle Steps 5 & 8: Adjusting & Closing Entries to Retained Earnings (Perpetual Method)
Channel: ProfAlldredge
Date: 2015-01-29

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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