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Which of the following accounts would be closed at the end of the accounting period? O Accounts payable O Common stock. O Prepaid insurance O
Which of the following accounts would be closed at the end of the accounting period? O Accounts payable O Common stock. O Prepaid insurance O Service revenue QUESTION 34 On March 1, 2022, Entity C sold merchandise to Entity D for $3,000, terms 2/10, net 30. The merchandise cost Entity C $1,000. Both companies use a perpetual inventory system. Entity D paid Entity C on March 10. What amount did Entity D pay to Entity C? $2,940 $3,060 $3,000 $1,000
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