Tag Archives: closing entries

What closing entries would McDonald’s have made in 2016 based on its trial balance?

McDonald’s Corporation (NYSE: MCD) is a publicly held corporation and issued its financial statements for 2016 in 2017. To follow is a condensed and adapted trial balance as of December 31, 2016, that was constructed from those financial statements.   Please note that the accounts have been adapted and condensed for educational use and should […]

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What closing entries would Facebook make for fiscal year 2015?

Facebook, Inc., is a publicly held corporation and issued its financial statements for 2015 in mid-2016. To follow is a condensed and adapted trial balance as of December 31, 2015, that was constructed from those financial statements. Please note that the accounts have been adapted and condensed for educational use and should not be used […]

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