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What the journal entry to close the sales revenue

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Problem 1: The journal entry to close the Sales Revenue, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:

Group of answer choices

A) Income Summary 925
Sales Revenue 750
Rent Revenue 175

B) Sales Revenue 750
Rent Revenue 175
Income Summary 925

C) Income Summary 925
Revenues 925

D) Revenues 925
Income Summary 925

 

Reference no: EM132984799

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