Question: PART IVCLOSING ENTRIES (14 points) Instructions: Place a D (Debit) or C (Credit) in the space provided to indicate whether the account would be debited

PART IVCLOSING ENTRIES (14 points)

Instructions: Place a "D" (Debit) or "C" (Credit) in the space provided to indicate whether the account would be debited or credited for its balance in the closing process. Insert an X in the space provided if the account is not closed.

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