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NEW QUESTION: 1
At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices - Posted Payments equals the Accounts Payable Trial Balance (last day of current period).
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B. Manual journals have been posted to the AP liability account in the current period in GL.
C. Period-end accrual journals have been reversed in GL.
D. Inventory has not closed for the current period.
Answer: B
NEW QUESTION: 2
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Answer:
Explanation:
NEW QUESTION: 3
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