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Closing entry for treasury stock
bogota
May 21, 2008, 12:28 PM
I am taking accounting 202 corporations. I need to know how to do the closing entry to the end of the year for treasury stock. Thanks. Marlenne:mad:
morgaine300
May 22, 2008, 03:59 PM
Treasury stock is a permanent account. It doesn't close. Only revenues, expenses and dividends close.