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The Entry to Close the Expense Accounts Includes

Question 116

Multiple Choice

The entry to close the expense accounts includes:


A) a debit to Retained Earnings and credits to the respective expense accounts.
B) a debit to Dividends and credits to the respective expense accounts.
C) debits to the respective expense accounts and a credit to Retained Earnings.
D) debits to the respective expense accounts and a credit to Dividends.

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