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Financial Accounting

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Closing Entry: Temporary Accounts Included

FINACT-8ABU7B

Which of the following account balances are normally closed to the Retained Earnings account at the end of each period?

Select ALL that apply.

A

Loss on the sale of investments.

B

Interest revenue.

C

Accumulated depreciation.

D

Utilities expense.

E

Rent expense.

F

Supplies.