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For 2014, Wyndham Company had revenues in excess of expenses. Which statements describes Wyndham's closing entries at the end of 2014 (assume there is only

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For 2014, Wyndham Company had revenues in excess of expenses. Which statements describes Wyndham's closing entries at the end of 2014 (assume there is only on closing entry for both revenue and express)? A. Revenues will be debited, expenses will be credited, and retained earnings will be credited. B. Revenues will be credited, expenses will be debited, and retained earnings will be debited. C. Revenues will be credited, expenses will be credited, and retained earnings will be debited. D. Revenues will be credited, expenses will be debited, and retained earnings will be credited

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