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:
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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:
Treasury stock is a permanent account. It doesn't close. Only revenues, expenses and dividends close.
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