Sebastien Company Earned Net Income of $44,000 During 2021

question 1

Essay

Sebastien Company earned net income of $44,000 during 2021.The company paid dividends totalling $20,000 during the period.Prepare the entries to close Income Summary and the Dividends account.

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A work environment that promotes and supports the continuous learning and knowledge sharing among employees.

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The unique approach or method used by a trainer or educator in delivering content and facilitating learning among participants.

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Involves strategies or outcomes that result in improved ability to recall or retain information over longer periods.

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An individual who possesses detailed knowledge or specialized skills in a particular area or field.