I am dissolving my corporation and setting up a sole proprietor business. I want to use the same accounts, customers and vendors. I need to zero out the amounts in the income and expenses, but not the bank amounts, account receivable or payables. I need to know what my income and expenses are in my "new sole proprietor" business. Example - some of my income for this year is from the corporation and some from the sole proprietor and i need to be able to show them separately. Is this possible or do i need to copy all the accounts and enter the opening balances in the sole proprietor set of books.
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