The Following Accounts and Balances Are Taken from Evan Company's

question 161

Multiple Choice

The following accounts and balances are taken from Evan Company's adjusted trial balance: In the closing process,which accounts are credited?

• A)Accounts Receivable,Prepaid Insurance,Salary Expense
• B)Depreciation Expense,Dividends,Insurance Expense,Salary Expense
• C)Depreciation Expense,Insurance Expense,Salary Expense,Prepaid Insurance
• D)Interest Revenue,Service Revenue

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Definitions:

Africa

A continent rich in cultural diversity, natural resources, and history, often noted for its significant socio-economic and political diversity.

Nuclear Weapon

A weapon of mass destruction that utilizes nuclear reactions, either fission or a combination of fission and fusion, to generate an explosion with devastating effects.

Tacit Approval

Implicit consent or agreement without direct acknowledgment or expression.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.