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BE4-1 Identify accounts to be closed. (LO 1) K The following accounts were included on a company's adjusted trial balance. In the blank space, identify which accounts should be closed (C) or not closed (NC) at the year end. Accounts payable Notes payable Accounts receivable Rent revenue Depreciation expense Prepaid expenses Operating expenses Equipment Unearned revenue S. Young, drawings Interest expense Accumulated depreciation S. Young, capital Supplies