QUESTION

23) In order to close the dividends account, the A. income summary account should be debited B. income summary accou

Category: Business
Subject: Accounting
Due Date: 01/27/2016
Question Asked: 2016-01-27 17:58:25

$1.00

User: LightspeedLearning
Rating: No Rating (0)
Earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message

23) In order to close the dividends account, the

A. income summary account should be debited

B. income summary account should be credited

C. retained earnings account should be credited

D. retained earnings account should be debited

Join Us
Or

Purchase with additional $0.50
as a Guest

$ 1.00

This answer hasn't been purchased yet.
Posted on 2016-01-27 17:58:25

User: LightspeedLearning
Rating: No Rating (0)
earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message

Preview:

... account should be debited B. income summary a...

The full tutorial is about 40 words long.