Clio,Inc.has one expense account,salary expense,which is to be closed out at year end.The closing entry would be:
A)
B)
C)
D)
Correct Answer:
Verified
Q41: Net income would decrease as a result
Q42: The following journal entry affected the accounting
Q43: The following journal entry affected the accounting
Q44: Which of the following cases would not
Q45: The following journal entry affected the accounting
Q47: The following journal entry affected the accounting
Q48: The last step in the accounting cycle
Q49: Computek,Inc.has one revenue account,service revenue,which is to
Q50: The _ lists only the permanent accounts
Q51: Dividends are listed on the:
A)balance sheet
B)income statement
C)statement
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