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What is the last step (closing entry) in the closing process? Select one: a. debit income summary and credit the expenses accounts. b. debit to
What is the last step (closing entry) in the closing process?
Select one:
a. debit income summary and credit the expenses accounts.
b. debit to owner's capital for the balance of the withdrawals account and credit the withdrawals account.
c. credit income summary and debit the revenue accounts.
d. debit revenue account and credit income summary
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