When a company prepares closing entries,which one of the following is NOT a correct closing entry?
A) Debit Retained Earnings; credit Salaries Expense.
B) Debit Dividends; credit Retained Earnings.
C) Debit Service Revenue; credit Retained earnings.
D) All of the above are correct.
Correct Answer:
Verified
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A)Interest Expense.
B)Salaries Payable.
C)Prepaid
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Q69: A post-closing trial balance:
A)Is a list of
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