Question
1. The type of account and normal balance of Unearned Rent is A. asset, credit B. asset, debit C. contra asset, credit D. contra asset,
1. The type of account and normal balance of Unearned Rent is
A. asset, credit
B. asset, debit
C. contra asset, credit
D. contra asset, debit
2. The entry to close Dividends would be
A. debit Retained Earnings; credit Income Summary
B. debit Income Summary; credit Dividends
C. debit Retained Earnings; credit Dividends
D. debit Dividends; credit Retained Earings
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
10th Edition
0072316373, 978-0072316377
