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    Principles of Accounting Study Set 1
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    Exam 4: Completing the Accounting Cycle
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    Closing Entries Will
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Closing Entries Will

Question 148

Question 148

Multiple Choice

Closing entries will


A) decrease the owner's Capital balance.
B) either increase or decrease the owner's Capital balance.
C) increase the owner's Capital balance.
D) not affect the owner's Capital balance.

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