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.
Period-End Processing. The remaining steps in the accounting process are used to aggregate all of the information created in the preceding steps, and present it in the format of financial statements. The steps are: 1  Prepare trial balance.2  The trial balance is a listing of the ending balances in every account. The second group is comprised of the steps needed to record individual business transactions in the accounting records. 2  The third group is the period-end processing required to close the books and produce financial statements.