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Which of the following will properly record the payment of a two-year insurance policy? Select one: Increase liabilities and decrease retained earnings Increase and decrease
Which of the following will properly record the payment of a two-year insurance policy? Select one: Increase liabilities and decrease retained earnings Increase and decrease assets Decrease assets and decrease liabilities Increase assets and increase retained earnings Which of the following entries could not be a closing entry? Select one: Service Fees Earned Income Summary Dividends Cash Income Summary Retained Earnings Income Summary Salary Expense Retained Earnings Dividends
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