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At the end of the accounting period, after the financial statements have been prepared, what account is debited and what account is credited in the
At the end of the accounting period, after the financial statements have been prepared, what account is debited and what account is credited in the closing journal entry to close out the service revenue account? (Select ALL that apply)
Debit Retained Earnings
Credit Retained Earnings
Debit Stockholders Equity
Credit Stockholders Equity
Debit Service Revenue
Credit Service Revenue
Debit Cash
Credit Cash
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