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After Creating a New QuickBooks Data File for an Existing

Question 3

Multiple Choice

After creating a new QuickBooks data file for an existing company and entering all the existing balances,use an opening adjusting entry to move the balance in the ________ account to the Capital Stock account.


A) Uncategorized Expenses
B) Uncategorized Income
C) Opening Balance Equity
D) None of the choices are correct

Correct Answer:

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