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The entry to close the expense account (s) was entered in reverse - Income Summary was credited and the expense account (s) was/were debited. The
The entry to close the expense account (s) was entered in reverse - Income Summary was credited and the expense account (s) was/were debited. The result of this error is that: A. before closing it, Income summary will have a credit balance B. before closing it, Income summary will have a debit balance C. the assets will be overstated D. the liabilities will be overstated
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