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A company had services revenues of $59,000 and expenses of $46,000 for the accounting period. Dividends of $6,500 were paid in cash during the same
A company had services revenues of
$59,000
and expenses of
$46,000
for the accounting period. Dividends of
$6,500
were paid in cash during the same period. Which of the following entries could not be a closing entry?\ Multiple Choice\ Debit Income Summary
$13,000
; credit Retained Earnings
$13,000
.\ Debit Income Summary
$46,000
; credit Expenses
$46,000
.\ Debit Services Revenue
$59,000
; credit Income Summary
$59,000
.\ Debit Retained Earnings
$6,500
; credit Dividends
$6,500
.\ Debit Income Summary
$59,000
; credit Services Revenue
$59,000
.
A company had services revenues of $59,000 and expenses of $46,000 for the accounting period. Dividends of $6,500 were paid in cash during the same period. Which of the following entries could not be a closing entry? Multiple Choice Debit Income Summary $13,000; credit Retained Earnings $13,000. Debit Income Summary $46,000; credit Expenses $46,000 Debit Services Revenue $59,000; credit Income Summary $59,000. Debit Retained Earnings $6,500; credit Dividends $6,500. Debit Income Summary $59,000; credit Services Revenue $59,000
A company had services revenues of
$59,000
and expenses of
$46,000
for the accounting period. Dividends of
$6,500
were paid in cash during the same period. Which of the following entries could not be a closing entry?\ Multiple Choice\ Debit Income Summary
$13,000
; credit Retained Earnings
$13,000
.\ Debit Income Summary
$46,000
; credit Expenses
$46,000
.\ Debit Services Revenue
$59,000
; credit Income Summary
$59,000
.\ Debit Retained Earnings
$6,500
; credit Dividends
$6,500
.\ Debit Income Summary
$59,000
; credit Services Revenue
$59,000
.
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