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upon completion of the closing entries, you reviewed the general ledger and noticed that balances remain in all asset, liability, and equity account. in addition,
upon completion of the closing entries, you reviewed the general ledger and noticed that balances remain in all asset, liability, and equity account. in addition, there were still balances in the revenue account,but not expenses or dividends. should this be the case after the closing entries have been recorded and posted to general ledger? please include the reasons why in your answer.
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