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1 Which of the following statements is correct? Only choose one answer We close all of the following accounts: Accumulated Depreciation, Income Summary and Depreciation

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image text in transcribed Which of the following statements is correct? Only choose one answer We close all of the following accounts: Accumulated Depreciation, Income Summary and Depreciation Expense We close all of the following accounts: Accounts Receivable, Income Summary and Accounts Payable We close all of the following accounts: Salary Expense, Income Summary and Service Revenue We close all of the following accounts: Wages Expense, Income Summary and the Capital account

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