What do closing entries accomplish a. brings the owner, capital account to its correct ending balance b.

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What do closing entries accomplish

a. brings the owner, capital account to its correct ending balance

b. zero out the revenues, expenses, and owner, withdrawals

c, transfer revenues, expenses, and owner, withdrawals to the owner, capital account

d, all of the above

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Oct 21, 2020 03:30 AM

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What do closing entries accomplish a. brings the owner, capital account to its correct ending balance b.

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Answer d all of the above In a partnership the clos... View the full answer

Intermediate Accounting

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