QUESTION 4 Blue Corporation had a beginning retained earnings balance of $55,000. If during the year Blue Corporation paid dividends of $3,000 and had a net income of $25,000, what was the ending retained earnings balance? A. $77,000 B. 580,000 C. $83,000 D. 552.000 QUESTION 6 Which of the following best describes dividends? A. distribution to stockhoders B. distribution to creditors C. stockholders' investment D. cost of providing services OA QUESTION 25 On April 1, 2019, Floor Co paid $6,000 for rent in advance, covering 12 months from April 1, 2019 through March 31, 2020. What adjusting entry should Floor Co, record on December 31, 2019? Prepaid rent $12,000 Rent expense $12,000 Cash $4,500 Rent expense $4,500 Rent expense $4,500 Prepaid rent $4,500 Prepaid rent $4,500 OD cash $4,500 B. Oc. OA QUESTION 26 Clean Inc, issues payroll checks every two weeks for a total of $60,000. As of December 31, a salaries expense of $30,000 has been incurred but has not yet been paid to the employees. What is the adjusting entry that Clean Inc. must make to record accrued salaries at the end of the year? Salaries payable $60,000 Salaries expense $60,000 Salaries payable $30,000 Salaries expense $30,000 Salaries expense 560,000 Salaries payable $60,000 Salaries expense $30,000 Salaries payable $30,000 B. OC D