Closing Entries Included Debits to Revenues for a Total of $8,000

question 109

Multiple Choice

Closing entries included debits to revenues for a total of $8,000 credits to expenses for a total of $4,100, and a credit to dividends for $650. The net change in Retained Earnings for the month was:

• A)cannot be calculated with the information provided.
• B)$3,250.
• C)$3,900.
• D)$4,550.

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that contains the genetic instructions for the development, functioning, growth, and reproduction of all known living organisms and many viruses.

Heterozygous

Referring to an organism that has two different alleles for a specific gene, one inherited from each parent.

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele.