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2 years ago

Sequence the steps for closing entries.

Business

1 answer:

____ [38]2 years ago

3 0

Step 1: A

Step 2: D

Step 3: C

Step 4: B

Explanation:

Sequence for the steps to close entries:

close the service revenue account by transferring funds to income summary account
close the operating expenses account by transferring funds to income summary account
close the income summary account by transferring funds to retained earnings account
close the dividends account by transferring funds to retained earnings account

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