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Use the Following Account Balances from the Adjusted Trial Balance

Question 21

Multiple Choice

Use the following account balances from the adjusted trial balance columns of Goody Chocolate's
Worksheet to answer below question.
Use the following account balances from the adjusted trial balance columns of Goody Chocolate's Worksheet to answer below question. - Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period. A) B) C) D)
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Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period.


A)
Use the following account balances from the adjusted trial balance columns of Goody Chocolate's Worksheet to answer below question. - Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period. A) B) C) D)
B)
Use the following account balances from the adjusted trial balance columns of Goody Chocolate's Worksheet to answer below question. - Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period. A) B) C) D)
C)
Use the following account balances from the adjusted trial balance columns of Goody Chocolate's Worksheet to answer below question. - Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period. A) B) C) D)
D)
Use the following account balances from the adjusted trial balance columns of Goody Chocolate's Worksheet to answer below question. - Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period. A) B) C) D)

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