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For each of the following accounts, identify whether it would be closed at year-end (yes...

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Accounting

For each of the following accounts, identify whether it would be closed at year-end (yes or no) and on which financial statement the account would be reported (Balance Sheet, Income Statement, or Retained Earnings Statement).

  1. Accounts Payable
  2. Accounts Receivable
  3. Cash
  4. Dividends
  5. Fees Earned Revenue
  6. Insurance Expense
  7. Prepaid Insurance
  8. Supplies

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