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Big-Mouth Frog Corporation had revenues of $300,000, expenses of $200,000, and dividends of $55,000. When Dividends are closed to Retained Earnings, the amount of the
- Big-Mouth Frog Corporation had revenues of $300,000, expenses of $200,000, and dividends of $55,000. When Dividends are closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a:
credit of $100,000.
debit of $55,000.
credit of $55,000.
debit of $100,000.
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