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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 11
Identifying and Closing Temporary Accounts
Indicate whether a debit or credit is required to close each of the following accounts.se the symbols D if a debit is required, C if a credit is required, and N if the account is not closed at the end of the period.
a.alary Expense
b.nexpired Insurance
c.onsulting Fees Earned
d.epreciation Expense
e.ividends
f.etained Earnings
g.nterest Revenue
h.ccumulated Depreciation
i.ncome Taxes Expense
j.nearned Revenue
k.ncome Summary (of a profitable company)
I.Income Summary (of an unprofitable company)
Indicate whether a debit or credit is required to close each of the following accounts.se the symbols D if a debit is required, C if a credit is required, and N if the account is not closed at the end of the period.
a.alary Expense
b.nexpired Insurance
c.onsulting Fees Earned
d.epreciation Expense
e.ividends
f.etained Earnings
g.nterest Revenue
h.ccumulated Depreciation
i.ncome Taxes Expense
j.nearned Revenue
k.ncome Summary (of a profitable company)
I.Income Summary (of an unprofitable company)
Explanation
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Financial statements of a company includ...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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