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 account.

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 10, 2024 01:21 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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