Question
Which of the following journal entries is necessary to close the depreciation account at the end of the year? Question 15 options: Debit: Retained Earnings
Which of the following journal entries is necessary to close the depreciation account at the end of the year?
Question 15 options:
|
| Debit: Retained Earnings Credit: Depreciation Expense |
|
| Debit: Accumulated Depreciation Credit: Retained Earnings |
|
| Debit: Retained Earnings Credit: Accumulated Depreciation |
|
| Debit: Depreciation Expense Credit: Retained Earnings |
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
