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Definition closing entries to these accounts (beginning balances have been ices. Post the closing entries to these accounts (beginning y T-account. adjusted balance of each account has been entered for you. Post were not closed). For any accounts with a zero balance ore posting the entry to close out the account. Post the entry to v the post-closing balance ("Bal.") on the last (third) line of the Lu Insurance Agency reported the following items at January 31: (Click the icon to view the reported items.) Required 1. Make Lu Insurance Agency's closing entries, as needed, for these accounts. Include explanations. 2. T-accounts for Lu Insurance Agency's closing on January 31 have been opened for you with beginning balances. Post the closing entries to these accounts (beginning balances have been opened for you), and show each account's ending balance after closing. Also, show the Income Summary T-account. close Income Summary account on the same line as you entered the balance prior to closing (the second line), and then show the post-closing balance ("Bal.") on the last (third) line of the account. Review the closing journal entries prepared in requirement 1. Definition closing entries to these accounts (beginning balances have been ices. Post the closing entries to these accounts (beginning y T-account. adjusted balance of each account has been entered for you. Post were not closed). For any accounts with a zero balance ore posting the entry to close out the account. Post the entry to v the post-closing balance ("Bal.") on the last (third) line of the

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