Solved

Which of the Following Would Be the Closing Entry for Dividends

Question 25

Multiple Choice

Which of the following would be the closing entry for dividends declared?


A) Dr.Expense summary, Cr.Dividends declared
B) Dr.Retained earnings, Cr.Dividends declared
C) Dr.Dividends declared, Cr.Expense summary
D) Dr.Dividends declared, Cr.Retained earnings

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Which of the following accounts normally has

Q21: Which of the following transactions would involve

Q22: Which of the following would cause the

Q23: When an inventory item that cost $75

Q24: Which of the following is not part

Q26: The sale of merchandise to a customer

Q27: Which of the following is not an

Q28: Which of the following would be the

Q29: Which of the following is not found

Q30: A list of all the accounts used

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents