Use This End-Of-Period Spreadsheet to Answer the Questions That Follow

question 122

Multiple Choice

Use this end-of-period spreadsheet to answer the questions that follow.​
-The entry to close Dividends would be

• A)debit Common Stock, $3,000; credit Retained Earnings, $3,000
• B)debit Retained Earnings, $3,000; credit Common Stock, $3,000
• C)debit Retained Earnings, $3,000; credit Dividends, $3,000
• D)debit Dividends, $3,000; credit Retained Earnings, $3,000

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