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Which of the Following Entries Properly Closes a Temporary Account

Question 40

Multiple Choice

Which of the following entries properly closes a temporary account?


A) Income Summary 20,000 Service Revenue 20,000
B) Dividends 200 Retained Earnings 200
C) Accumulated Depreciation 1,600 Income Summary 1,600
D) Income Summary 400 Salaries Expense 400

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