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At the end of an accounting period, to what account are temporary account balances closed? Select one: a. Revenue b. Dividends c. Retained Earnings
At the end of an accounting period, to what account are temporary account balances closed? Select one: a. Revenue b. Dividends c. Retained Earnings Od. Common stock Bink Inc. signed a six month, 5% note, $10,000 note on August 1, 2020.The interest and principle on this note is due at the maturity date (February 1, 2020). What amount of interest expense should Bink record for its year ending December 31, 2020 for this note? Select one: O a. Interest expense $500 b. Interest expense $208 O c. Interest expense $167 Od. Interest expense $250
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