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    Financial and Managerial Accounting
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    Exam 4: Completing the Accounting Cycle
  5. Question
    Which of the Following Accounts Will Be Closed by Debiting
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Which of the Following Accounts Will Be Closed by Debiting

Question 54

Question 54

Multiple Choice

Which of the following accounts will be closed by debiting the Income Summary account?


A) Retained Earnings
B) Service Revenue
C) Accounts Receivable
D) Salaries Expense

Correct Answer:

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