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From the Following List, Identify Accounts That Will Be Closed

Question 261

Essay

From the following list, identify accounts that will be closed at the end of the fiscal period.
(a) Advertising Expense
(b) Cash
(c) Accounts Receivable
(d) Salaries Expense
(e) Cost of Goods Sold
(f) Dividends
(g) Accumulated Depreciation-Building
(h) Interest Expense
(i) Sales Tax Payable

Correct Answer:

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(a), (d), (e), (f), ...

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