The major types of transactions that affect retained earnings are: O A. revenues and liabilities. OB. paid - in capital and common stock. O c. revenues, expenses, and dividends. OD. assets and liabilities. Revenues Salaries Expense Dividends Utilities Expense Advertising Expense Short-term Investments Cash Land Common Stock $102,000 $16,000 $15,000 $11,000 $9,000 $20,000 $33,000 $50,000 $50,000 What is the amount of net income or net loss for the year? O A. $66,000 OB. $23,000 O c. $75,000 OD. $32,000 When working with T accounts, an important rule to remember is: O A. to credit an account means to enter an amount on the right-hand side of the Taccount. O B. an increase to accounts payable will be recorded as a debit. O c. when an account is debited an amount is entered on the right-hand side on the T account. D. the debit side of a T account is on the right-hand side of the Taccount for assets and expenses