Use the Following Account Balances from the Adjusted Trial Balance

question 33

Multiple Choice

Use the following account balances from the adjusted trial balance columns of Goody Chocolate's worksheet to answer below question. Using the adjusted trial balance above,select the correct closing entry that Goody Chocolate would make to close the expense accounts (and cost of goods sold accounts with debit balances) at the end of the accounting period.

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Definitions:

Data

Information that is processed or stored by a computer, which can be in the form of text, numbers, images, or other types.

Routines

Blocks of code or sequences of instructions designed to perform specific tasks or operations within a software program.

DINT Type Tags

Tags representing double integer data types in industrial automation, often used for handling larger integer values.