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Closing Entry: Temporary Accounts to Close

FINACT-37W7TY

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

Prepaid insurance expense.

B

Salaries expense.

C

Gain on sale of fixed assets.

D

Deferred sales revenue.

E

Fee revenue.

F

Depreciation expense.