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Question 23 (2 points) The debit to Income Summary in the second closing entry represents the total expenses. True False Question 24 (2 points) After

Question 23 (2 points) The debit to Income Summary in the second closing entry represents the total expenses. True False Question 24 (2 points) After the temporary accounts are closed, only the real accounts have balances. True False Question 25 (2 points) A net loss always increases liabilities. True False

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