The Entry Made to Close Service Revenue Would Include

question 39

Multiple Choice

The entry made to close service revenue would include:

• A) a debit to Service Revenue and a credit to Retained Earnings
• B) a debit to Service Revenue and a credit to Dividends
• C) a debit to Service Revenue and a credit to net income
• D) a debit to Retained Earnings and a credit to Service Revenue

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Definitions:

Supreme Court Decision

A final ruling handed down by the highest court in a jurisdiction, setting a precedent and often resolving important legal questions.

Federal District Court Decision

An official judgment or ruling handed down by a federal district court, the trial-level courts in the U.S. federal court system.

Distant Library

A library services system that allows users to access resources and materials remotely, often online.

Delivered Directly

The process of sending goods, messages, or services straight from the source to the intended recipient without intermediaries.