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Please help Which of the following accounts would show a balance in a post-closing trial balance? Select one: O a. Dividends b. Rent Expense C.
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Which of the following accounts would show a balance in a post-closing trial balance? Select one: O a. Dividends b. Rent Expense C. Sales Revenue d. Accumulated Depreciation e. None of the above X A major purpose of closing entries is to: Select one: o a. zero out the Retained Earnings account b. adjust the asset accounts to their current balances c. transfer the net income and dividends of the period to Retained Earnings d. close out the accounts payable account e. none of the above X eStep by Step Solution
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