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23) To close a revenue account with a credit balance, debit the account for its balance and credit the income summary account. True False
23) To close a revenue account with a credit balance, debit the account for its balance and credit the income summary account.
True
False
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
