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The entry to close Sales Discounts will include a debit to Income Summary.

H3Ko

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7 years ago

The entry to close Sales Discounts will include a debit to Income Summary.

The entry to close Sales Discounts will include a debit to Income Summary.
A) True
B) False

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 177 times

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Tanks

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H3Ko Author

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#2

7 years ago

YES! Can't believe I got this one right. Appreciate the confirmation

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