please explain why the option is correct and remaining incorrect please answer in detail
please explain why the option is correct and remaining incorrect please answer in detail
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please explain why the option is correct and remaining incorrect please answer in detail
Transcribed Image Text:Which accounts are closed with debits each accounting period?
Select one:
Ф а.
Ob.
Od.
Oe.
Wage Expense Supplies Service Revenue
No
No
No
Wage Expense Supplies Service Revenue
No
Yes
No
Wage Expense Supplies Service Revenue
No
No
H
Yes
Wage Expense Supplies Service Revenue
Yes
No
No
Wage Expense Supplies Service Revenue
Yes
Yes
Yes
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