Question: The correct answer is D but please explain why for each step and show all work. Please do not copy the explanation of a different

The correct answer is D but please explain why for each step and show all work. Please do not copy the explanation of a different question

that Choco posts journal entries on a monthly basis and that temporary accounts are closed at year-end? A. $3,400,000 credit (net) B. $1,600,000 debit (net) C. $3,000,000 credit (net) D. $1,400,000 credit (net)

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