Indicate whether a debit or credit is required to close each of the following accounts. Use the

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Indicate whether a debit or credit is required to close each of the following accounts. Use the symbols D if a debit is required, C if a credit is required, and N if the account is not closed at the end of the period.

a. Salary Expense

b. Unexpired Insurance

c. Consulting Fees Earned

d. Depreciation Expense

e. Dividends

f. Retained Earnings

g. Interest Revenue

h. Accumulated Depreciation

i. Income Taxes Expense

j., Unearned Revenue

k. Income Summary (of a profitable company)

l. Income Summary (of an unprofitable company)

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Apr 17, 2014 09:06 AM

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Indicate whether a debit or credit is required to close each of the following accounts. Use the

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a C b N c D ...View the full answer

Financial and Managerial Accounting the basis for business decisions

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