An account that will have a zero balance after closing entries have been journalized and posted is:

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(a) Service Revenue.

(b) Supplies.

(c) Prepaid Insurance.

(d) Accumulated Depreciation—Equipment.

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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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Question Posted: Feb 07, 2024 02:13 AM

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An account that will have a zero balance after closing entries have been journalized and posted is:

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a The Service Revenue account will have a zero balance after clos...View the full answer

Accounting Principles

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