Which types of accounts are closed out to the Retained Earnings account at the end of an accounting period?.
a)________ The settlement of an account payable requires a credit to a liability account.b)________ The payment of a cash expense requires a debit to cash and a credit to the related expense account.c)________ Debits are entered on the left and credits are entered on the right in a T-account.d)________ A credit entry decreases an asset account.e)________ Increases in revenues are recorded with debits to the revenue accounts.

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The Answer of Which types of accounts are closed out to the Retained Earnings account at the end of an accounting period?.
a)________ The settlement of an account payable requires a credit to a liability account.b)________ The payment of a cash expense requires a debit to cash and a credit to the related expense account.c)________ Debits are entered on the left and credits are entered on the right in a T-account.d)________ A credit entry decreases an asset account.e)________ Increases in revenues are recorded with debits to the revenue accounts.

Which Types of Accounts Are Closed Out to the Retained