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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Definitions:

Positive Words

Language that conveys optimism, encouragement, or constructive feelings.

Bad News

Information that is undesirable, disappointing, or negative in nature.

Social Media Environment

The dynamic and interactive online platforms where users create, share, and engage with content, forming virtual communities and networks.

Communication Technologies

Communication technologies encompass the various tools, platforms, and devices used to share information and communicate, ranging from traditional media to digital and internet-based solutions.