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rcline24 rcline24
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5 years ago
To close out an expense account ________.
A) credit the income summary and debit expense and loss accounts
B) debit the income summary and credit expense and loss accounts
C) debit the income summary and credit revenue and expense accounts
D) credit the income summary and debit revenue and expense accounts
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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okaythisisreal2okaythisisreal2
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rcline24 Author
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5 years ago
Thanks for your help!
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