In order to close the dividends account, the
A) income summary account should be debited.
B) income summary account should be credited.
C) retained earnings account should be credited.
D) retained earnings account should be debited.
Correct Answer:
Verified
Q100: Sebastien Company earned net income of $44,000
Q101: If a worksheet is used, financial statements
Q102: The accounting cycle begins at the start
Q103: The post-closing trial balance will contain only
Q104: Adjusting entries are prepared from
A)source documents.
B)the adjustments
Q106: The income statement for the year 2021
Q107: The step in the accounting cycle that
Q108: On May 25, Yellow House Company received
Q109: Which of the following would not be
Q110: The following items are taken from the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents