Revenue accounts are closed by crediting them and debiting Retained Earnings.
Correct Answer:
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Q134: The total revenues of $7,000, total expenses
Q135: The total revenues of $6,700, total expenses
Q136: Expense accounts are closed by crediting them
Q137: The accounts that are NOT closed are:
A)Assets,
Q138: Respectively, dividends, revenues, and expenses are:
A)temporary, permanent,
Q140: Bach, Inc. had closing entries which included
Q141: Closing entries are prepared for which of
Q142: The account balances on the post-closing trial
Q143: Which of the following accounts would NOT
Q144: The entry to close the revenue accounts
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