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For the year ended December 31, a company has revenues of $336,000 and expenses of $205,500. The company paid $57,600 in dividends during the year.
For the year ended December 31, a company has revenues of $336,000 and expenses of $205,500. The company paid $57,600 in dividends during the year. The balance in the Retained earnings account before closing is $100,000. Which of the following entries would be used to close the dividends account
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Sound Investing, Chapter 5 - Cost Allocation
Authors: Kate Mooney
8th Edition
007171927X, 9780071719278
