FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Speak Which of the following entries closes the dividends account at the end of the period? O A. Debit the dividends account, credit the income

image text in transcribed

Speak

Which of the following entries closes the dividends account at the end of the period? O A. Debit the dividends account, credit the income summary account B. Debit the retained earnings account, credit the dividends account O C. Debit the income summary account, credit the dividends account O D. Debit the dividends account, credit the retained earnings account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting Working Papers Volume 1

Financial And Managerial Accounting Working Papers Volume 1

Authors: Belverd E. Needles

6th Edition

0618102337, 978-0618102334

More Books

Students also viewed these Accounting questions

Question

★★★★★
Materials stored in manufacturing include a variety of types. Name six of the ten categories.

Answered: 1 week ago

Question

★★★★★
3.24. Four different designs for a digital computer circuit are being studied to compare the amount of noise present. The following data have been obtained: (a) Is the same amount of noise present...

Answered: 1 week ago

Question

★★★★★
Suppose that the aggregate expenditure curve can be expressed algebraically as AE = 3,000 2,000r, Where AE is aggregate expenditures and r is the real interest rate expressed as a decimal. You check...

Answered: 1 week ago

Question

★★★★★
QuickBooks Online editions allow a specific number of users to access your financial records. Which type of user doesn't count toward that user limitation? Select an answer. Admin user

Answered: 1 week ago

Question

★★★★★
Question 1 Simple Interest In April 2 0 1 4 , you brought a 1 0 - year Government bond for $ 1 6 0 8 8 that pay 1 . 1 % simple interest every year through April, 2 0 2 4 . How much total interest...

Answered: 1 week ago

Question

★★★★★
How to craft high impact digital advertising campaigns using semrush exam?

Answered: 1 week ago

Question

★★★★★
Loans to non-profit organizations represent a major category of the loans banks originate. Question 1 options: True False

Answered: 1 week ago

Question

★★★★★
Pharoah Company obtains $44,800 in cash by signing a 7%, 6-month, $44,800 note payable to First Bank on July 1. Pharoahs fiscal year ends on September 30. What information should be reported for the...

Answered: 1 week ago

Question

★★★★★
The company controller has set the revenue target for 2023 at $10,193,100 (or 55,700 pairs). He believes an additional marketin cost of $449,000 for advertising in 2023, with all other costs...

Answered: 1 week ago

Question

★★★★★
North American culture places a great deal of emphasis on a woman's weight in its appraisal of whether she is considered physically attractive. Some other cultures have a clear preference for more...

Answered: 1 week ago

Question

★★★★★
1. Describe the types of power that effective leaders employ

Answered: 1 week ago

Question

★★★★★
2. Describe how leadership styles should be adapted to the group situation

Answered: 1 week ago

Question

★★★★★
7. Next time you work in a group, pay attention to how the group works. Does the activity follow a linear model, or is the activity punctuated by periods of inertia and periods of intense activity?...

Answered: 1 week ago

Previous Question Next Question