Which of the following is a possible closing entry?
A) Debit Cash,credit Service Revenue.
B) Debit Cash,credit Retained Earnings.
C) Debit Service Revenue,credit Retained Earnings.
D) Debit Dividends,credit Retained Earnings.
Correct Answer:
Verified
Q58: Adjusting entries:
A)Often include the Cash account.
B)Usually are
Q59: The following table contains financial information
Q60: The following financial information is from
Q61: Temporary accounts would not include:
A)Salaries Payable.
B)Advertising Expense.
C)Supplies
Q62: Frosty Inc.has the following balances on
Q64: Of the following six accounts,which ones have
Q65: For the first three years of operations,the
Q66: Permanent accounts would not include:
A)Interest Expense.
B)Salaries Payable.
C)Prepaid
Q67: Which of the following accounts is(are)listed in
Q68: A list of all accounts and their
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