Use the work sheet for Finley Company to answer the questions that follow. The entry to close Dividends would be
A) debit Retained Earnings, $3,000; credit Dividends, $3,000
B) debit Retained Earnings, $12,000; credit Dividends, $12,000
C) debit Dividends, $3,000; credit Retained Earnings, $3,000
D) debit Dividends, $12,000; credit Retained Earnings, $12,000
Correct Answer:
Verified
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