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No. Account Titles and Explanation Debit Credit 1. (To close accounts with credit balances) 2. (To close accounts with debit balances) 3. (To close net

No. Account Titles and Explanation Debit Credit 1. (To close accounts with credit balances) 2. (To close accounts with debit balances) 3. (To close net income / (loss)) 4. (To close dividends) Current Attempt in Progress Presented below are selected account balances for Coronado Co. as of December 31,2020

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