Question: QUESTION 3 A post-closing trial balance will show only permanent account balances. only temporary account balances. zero balances for all accounts. the amount of net

QUESTION 3 A post-closing trial balance will show only permanent account balances. only temporary account balances. zero balances for all accounts. the amount of net income (or loss) for the period. QUESTION 4 Closing entries are prepared before the financial statements. reduce the number of permanent accounts. cause the revenue and expense accounts to have zero balances. summarize the activity in every account

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