Describe the year-end closing process.

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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?
Course Text:
Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren’s accounting (12th ed.). Pearson.

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