Which of the following accounts would be closed by posting a debit to the account? a.Miscellaneous Expense b.Josh Morton, Drawing c.Fees Earned d.Prepaid Insurance

Q: Required: Prepare the closing entries by filling - in the blanks of the following questions:…

A: Closing entries are the journal entries. A closing entry is a journal entry recorded at the end of…

Q: Which of the following accounts would be closed by posting a debit to the account? a.Fees Earned…

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A: 1.Identify each account as an asset , liability or equity.

Q: Which of the following accounts will be closed with a credit? O a. Fees earned O b. Depreciation…

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.