Which of the following accounts is not closed?
A) Rent Expense
B) Joan Wilson, Drawing
C) Fees Income
D) Cash
Correct Answer:
Verified
Q26: After the closing entries are posted to
Q27: Use the following account balances from the
Q28: If a business has a net loss
Q29: Use the following account balances from the
Q30: Use the following account balances from the
Q32: The owner's drawing account is closed by:
A)debiting
Q33: Use the following account balances from the
Q34: The entry to close the Income Summary
Q35: One purpose of closing entries is to:
A)reduce
Q36: Which of the following statements is not
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