The Following Information Is from the Income Statement of Ike's

question 100

Multiple Choice

The following information is from the Income Statement of Ike's Lawn Service for the quarter ending September 2022: The balance in Retained Earnings at July 1 was $3,200.Ike's distributed dividends of $2,200 during the period.Which of the following is not one of the closing entries that the company will make?

• A)Credit Income Summary for $4,500, Debit Retained Earnings for $4,500
• B)Debit Retained Earnings for $2,200, Credit Dividends for $2,200
• C)Debit Service Revenue $4,500, Credit Income Summary for $4,500
• D)Debit Income Summary for $2,000, Credit Retained Earnings for $2,000

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Definitions:

Inappropriate

Actions or behaviors that are not suitable or proper in a specific context or situation.

Inappropriately Touches

The act of touching another person without consent, often in a sexual manner that is considered offensive or improper.

Physical Closeness

The proximity and tactile interaction between individuals, often leading to psychological and emotional bonding.

Sexual Predation

The act of engaging in unwanted or aggressive sexual behavior towards others, often exploiting power dynamics or the vulnerability of the victim.