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At the end of an accounting period, state whether each of the following accounts are: a) closed with a debit to the account b) closed
At the end of an accounting period, state whether each of the following accounts are: a) closed with a debit to the account b) closed with a credit to the account c) not closed.
1. cash
2. sales revenues
3. salary expense
4. inventory
5. amortization expense
6. accumulated amortization
7. owners withdrawals
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