Business, 02.07.2020 21:01, dmc79765

The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable the accountant to prepare financial statements at the end of the accounting period. c. Establish new balances in the balance sheet accounts. d. Reduce the number of expense accounts.

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The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update...