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Which of the following procedures would be classified as a closing procedure?(Several choices may be correct.) Calculating depreciation on machinery Accruing for interest earned but
Which of the following procedures would be classified as a closing procedure?(Several choices may be correct.)
Calculating depreciation on machinery
Accruing for interest earned but not yet recorded
Recording payment of a supplier's invoice
Adjusting the prepaid insurance account for insurance coverage used
Recording cash received for sale of merchandise
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