As of the census of 2000, there were 4,974 people, 1,432 households, and 1,151 families residing in the city. The population density was 894.1 people per square mile (345.4/kmÂ²). There were 1,485 housing units at an average density of 266.9 per square mile (103.1/kmÂ²). The racial makeup of the city was 52.21% White, 1.43% Black or African American, 1.23% Native American, 0.46% Asian, 0.16% Pacific Islander, 40.79% from other races, and 3.72% from two or more races.
Closing entries are journal entries made at the end of an accounting period which transfer the balances of temporary accounts to permanent accounts. Closing entries are based on the account balances in an adjusted trial balance. The permanent account to which balances are transferred depend upon the type of business.
The first stage in the accounting process is the establishment of the occurrences that have a monetary impact on the resources possessed by the accounting entity in question .This information is derived from invoices, purchase orders, credit notes, debit notes and receipts.ccounting is the process of identifying, measuring and communicating economic information to allow informed judgments and decisions by users of the information. It is the language of business. This implies that for any business to survive and thrive it is vital for it to establish a strong accounting system.