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To close Reserve for encumbrances at the end of the year which of the following entries should be made? a. Debit Reserve for encumbrances; Credit

To close Reserve for encumbrances at the end of the year which of the following entries should be made?

a. Debit Reserve for encumbrances; Credit Fund balance.

b. Debit Reserve for encumbrances; Credit Encumbrances.

c. Debit Fund balance; Credit Reserve for encumbrances.

d. No closing entry needed.

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