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When temporary accounts are closed at the end of the accounting period: Select one: O a. Only revenue accounts have zero balances O b. The
When temporary accounts are closed at the end of the accounting period: Select one: O a. Only revenue accounts have zero balances O b. The accounts are simply erased and no adjusting entries are required • c. The balances of the Revenue, Expense, and Owners withdrawal accounts are reduced to zero • d. The balances of all Asset and Liability accounts are reduced to zero
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