Question: 5. The closing process involves separate entries to close (1) expenses, (2) dividends, (3) revenues, and (4) income summary. The correct sequencing of the entries

5. The closing process involves separate entries to close (1)

expenses, (2) dividends, (3) revenues, and (4) income summary. The correct sequencing of the entries is:

a. (4), (3), (2), (1)

b. (1), (2), (3), (4)

c. (3), (1), (4), (2)

d. (3), (2), (1), (4)

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