Which of the following entries closes the dividends account at the end of the period? A. Debit

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Which of the following entries closes the dividends account at the end of the period?

A. Debit the dividends account, credit the income summary account;

B. Debit the retained earnings account, credit the dividends account.

C. Debit the income summary account, credit the dividends account.

D. Debit the dividends account, credit the retained earnings accodnt.

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Financial Accounting

ISBN: 9780324188035

9th Edition

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

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Question Posted: Jul 10, 2024 09:03 AM

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Which of the following entries closes the dividends account at the end of the period? A. Debit

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Financial Accounting

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