Question
The following items appear on the adjusted trial balance of Barker Company: Account Debit Credit Fees Earned $19,791 Rent Expense 6,000 Wages Expense 6,178 Dividends
The following items appear on the adjusted trial balance of Barker Company:
| Account | Debit | Credit |
|---|---|---|
| Fees Earned | $19,791 | |
| Rent Expense | 6,000 | |
| Wages Expense | 6,178 | |
| Dividends | 440 |
Which of the following will be included in the second closing entry?
a.Credit to Retained Earnings for $19,791
b.Credit to Retained Earnings for $440
c.Credit to Dividends for $440
d.Debit to Retained Earnings for $19,791
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Conservation Easement IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304133923, 978-1304133922
