A company has the following adjusted trial balance: 
Which closing entry is needed?
A) Debit Service Revenue for $33,800 and credit Retained Earnings for $33,800
B) Debit Rent Expense for $1,300 and credit Retained Earnings for $1,300
C) Credit Retained Earnings for $1,900 and debit Cash for $1,900
D) Debit Dividends for $800 and credit Retained Earnings for $800
Correct Answer:
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