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What is the correct journal entry to close out the following Expense accounts at the end of the accounting period on 12/31 after the financial
What is the correct journal entry to close out the following Expense accounts at the end of the accounting period on 12/31 after the financial statements have been prepared? (Select ALL that apply) Rent Expense $5,000 Salaries Expense $10,000
Group of answer choices Debit Salaries Expense Credit Salaries Expense Debit Revenue Credit Revenue Credit Net Income Debit Net Income Debit Retained Earnings Credit Retained Earnings Debit Rent Expense Credit Rent Expense
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