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Closing the temporary accounts at the end of each accounting period does not do which of the following?Question 17 options:Transfer the effects of temporary accounts

Closing the temporary accounts at the end of each accounting period does not do which of the following?Question 17 options:Transfer the effects of temporary accounts to the owner's capital account on the balance sheet.Prepares the withdrawals account for use in the next period.Brings the revenue and expense accounts to zero balances.Brings the asset and liability accounts to zero balances.

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