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    Exam 4: Completing the Accounting Cycle
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    Which of the Following Accounts Will Be Closed by Crediting
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Which of the Following Accounts Will Be Closed by Crediting

Question 30

Question 30

Multiple Choice

Which of the following accounts will be closed by crediting the Income summary account?


A) Accumulated depreciation
B) Service revenue
C) Accounts payable
D) Depreciation expense

Correct Answer:

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