Accounting Cycle Example #2: Journalizing Closing Entries (The Two-Entry Method)

[@PK-ht4xz]

Very well teaching with such an organized way, thank you!

[@jameskig123]

Simple and to the point. God bless

[@NATOxMAN]

Made me understand journalizing closing entries easily and fast although the "plugging" part was a new concept to me, thank you!

[@ivonnelopez8203]

I'm a little confused on what income summary is. Is it the plug?

[@accountinghelp]

Recent textbooks no longer use income summary

[@rizwankhattak8940]

thank you