Match each transaction with the type of entry that will be required at April 30,the company's year-end.
-The company transfers revenues of $50,000 and expenses of $32,000 to Retained Earnings.

Question

Quizplus · Accepted Answer

This transaction involves transferring revenues and expenses to Retained Earnings, which is done through a closing entry at the end of the accounting period.

Match Each Transaction with the Type of Entry That Will