A Company Has the Following Adjusted Trial Balance: Which

question 159

Multiple Choice

A company has the following adjusted trial balance: Which closing entry is needed?

• A)Debit Service Revenue for $33,200 and credit Retained Earnings for $33,200
• B)Debit Rent Expense for $1400 and credit Retained Earnings for $1400
• C)Credit Retained Earnings for $1800 and debit Cash for $1800
• D)Debit Dividends for $1000 and credit Retained Earnings for $1000

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Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest.

Pupil

The black circular opening in the center of the eye's iris that regulates the amount of light that enters.

Iris

The colored part of the eye that controls the size of the pupil and the amount of light that enters the eye.

Axons

Long, slender projections of neurons that transmit electrical impulses away from the neuron's cell body to other neurons or to muscles or glands.