Which of the following is not an example of a closing entry? a. Close each revenue account

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Which of the following is not an example of a closing entry?

a. Close each revenue account to the Retained Earnings account

b. Close each expense account to the Retained Earnings account

c. Close the Dividends account to the Retained Earnings account

d. Close Unearned Revenue to Retained Earnings

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 05:01 AM

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Which of the following is not an example of a closing entry? a. Close each revenue account

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d Close Unearned Revenue to Retained Earnings Closing entries are made at the end of an accounting period to transfer the balances of temporary accoun...View the full answer

Financial Accounting For Undergraduates

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