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When closing the Withdrawal account: O Capital would increase. O Capital would decrease. O Income Summary will be debited. O None of these is correct.
When closing the Withdrawal account: O Capital would increase. O Capital would decrease. O Income Summary will be debited. O None of these is correct. Which of the following accounts is a temporary account? O Withdrawals O Accounts Receivable O Cash O Supplies Which of the following columns of the worksheet are referred to when preparing closing entries to the Income Summary? Adjusted trial balance columns O Balance sheet columns O Adjustments columns o Income statement columns
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