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Honey Corporation has the following normal account balances in its general ledger at the end of a period: Sales revenue Advertising expense $600,000 90,000 Which
Honey Corporation has the following normal account balances in its general ledger at the end of a period: Sales revenue Advertising expense $600,000 90,000 Which of the following gives the correct entry required to close only the accounts above? Select one: A. Advertising Expense 90,000 Retained Earnings 510,000 Sales Revenue 600,000 B. Sales Revenue 600,000 Advertising Expense 90,000 Retained Earnings 510,000 C. Retained Earnings Net Income 0 510,000 510,000 D. None of the above. These accounts are not closed
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