Closing the temporary accounts at the end of each accounting period does all of the following except:

A.Serves to transfer the effects of these accounts to the retained earnings account on the balance sheet.

B.Prepares the dividends account for use in the next period.

C.Brings the revenue and expense accounts to zero balances.

D.Has no effect on the retained earnings account.

E.Causes retained earnings to reflect increases from revenues and decreases from expenses and dividends.