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Central Company has sales of $10,000 and expenses of $4,000. Which of the following is the correct closing entry? Debit retained earnings, debit expenses and

Central Company has sales of $10,000 and expenses of $4,000. Which of the following is the correct closing entry?

Debit retained earnings, debit expenses and credit sales.

Credit retained earnings, credit expenses and debit sales.

Debit expenses and credit sales.

Credit retained earnings, debit expenses and credit sales.

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