The entries to close Sales Discounts, Sales Returns and Allowances, Freight-Out, Inventory and Cost of Goods Sold all require credits to these accounts.

Name: The entries to close Sales Discounts, Sales Returns and Allowances, Freight-Out, Inventory and Cost of Goods Sold all require credits to these accounts.
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The Answer of The entries to close Sales Discounts, Sales Returns and Allowances, Freight-Out, Inventory and Cost of Goods Sold all require credits to these accounts.

The Entries to Close Sales Discounts, Sales Returns and Allowances