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    Accounting Study Set 1
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    Exam 4: Completing the Accounting Cycle
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    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 1

Question 1

Multiple Choice

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


A) Depreciation Expense
B) Accounts Payable
C) Service Revenue
D) Accumulated Depreciation

Correct Answer:

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