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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Related Book For 
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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