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2. Which of the following accounts will NOT appear on the post-closing trial balance?
Fees Earned
Cash
Accounts Receivable
Accounts Payable
b
3. The journal entry required to close the dividends account includes
a debit to Income Summary and a credit to Dividends.
a debit to Retained Earnings and a credit to Dividends.
a debit to Retained Earnings and a credit to Cash.
None of these choices are correct.
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