The closing entry for dividends involves a debit to ______ and a credit to: (Select all that apply.)
A) Retained Earnings; Dividends
B) Dividends; Retained Earnings
C) Dividends; Dividends Payable
D) Dividends Payable; Dividends
Correct Answer:
Verified
Q208: In the closing process,_ are zeroed out
Q209: Permanent accounts are found on:
A) only the
Q210: Which of the following is performed last
Q211: An error must have been made if
Q212: Which of the following statements about the
Q213: Which of the following would decrease net
Q214: Dividends:
A) are an expense of doing business.
B)
Q215: How do temporary accounts differ from permanent
Q217: Which of the following is performed first
Q218: A closing entry includes a:
A)debit to Sales
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