Prior to beginning work on this discussion, read Chapter 4 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.
Describe the year-end closing process.
What are the four steps in the closing process? Provide an example journal entry for each.
What is the difference between temporary and permanent accounts?
Chapter 4 in the textbook below, please cite your references
Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren’s accounting (12th ed.). Retrieved from https://pearson.com