sat transfer the balances of revenues, expenses and dividends declared accounts to the retained earnings account are called: O a opening entries. O b. adjusting entries. Oc closing entries. O d. correcting entries. O e. none of the other answers. The original acquisition cost of inventory that is sold to customers on account during the reporting period is called: O a sales revenue. O b. accounts receivable. Oc. cost of sales. O d. accounts payable O e none of the other answers