After Preparing and Posting the Closing Entries for Revenues and Expenses,the

question 150

Multiple Choice

After preparing and posting the closing entries for revenues and expenses,the income summary account has a debit balance of $33,000.The entry to close the income summary account will be:

• A)Debit Dividends $33,000; credit Income Summary $33,000.
• B)Debit Income Summary $33,000; credit Dividends $33,000.
• C)Debit Income Summary $33,000; credit Retained earnings $33,000.
• D)Debit Retained earnings $33,000; credit Income Summary $33,000.
• E)Credit Retained earnings $33,000; debit Dividends $33,000.

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Definitions:

Comparative Psychology

The scientific study of the behavior and mental processes of non-human animals, often in comparison to humans, to understand evolutionary and developmental principles.

Behavioral Genetics

The field of study that examines the role of genetic and environmental influences on behaviors.

Single-Factor Explanations

The attribution of a phenomenon or behavior to a single cause, ignoring the potential complexity and multiplicity of contributing factors.

Risk Factors

Aspects or conditions that increase the likelihood of developing a disease, disorder, or adverse condition.