Closing Entries Video Lessons

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Problem: Which of the following accounts would be closed at the end of an account period? A. Accumulated depreciation, Interest income, Utilities Expense B. Unearned revenues, Service revenues, depreciation expense C. Depreciation expense, prepaid expenses, service revenues D. Service revenues, depreciation expense, income tax expense

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Which of the following accounts would be closed at the end of an account period?

A. Accumulated depreciation, Interest income, Utilities Expense

B. Unearned revenues, Service revenues, depreciation expense

C. Depreciation expense, prepaid expenses, service revenues

D. Service revenues, depreciation expense, income tax expense

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