Question Description
identify which of the following accounts should be closed to equity. Record next to eaxh account:
Yes, it should closed . No, it would not be closed
1. program revenue-public safety
2. other financing uses- transfers to other funds
3. construction expenditures
4.estimated other financing uses
5. other financing sources- proceeds of bonds
6. accumulated depreciation
7.construction work in progress
8.estimated revenues
9.expenditures-principal
10.serial bonds payable
11. taxes receivable – current
12. expense – interest on long-term debt
13. due from general fund
14. due to debt service fund
15. investments
16. premium on bonds payable
17. customer deposits
18. building
19. sales of water
20. billings to departments
21. inventory of supplies
22. vouchers payable
23. appropriations
another one is in the second pic.
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