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    College Accounting Study Set 1
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    Exam 5: The Accounting Cycle Completed
  5. Question
    Closing Entries Will
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Closing Entries Will

Question 118

Question 118

Multiple Choice

Closing entries will:


A) increase the Owner's Capital.
B) decrease the Cash balance.
C) either increase or decrease Owner's Capital.
D) not affect the Owner's Capital balance.

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