Closing Entries Included Debits to Revenues for a Total of $5,000,credits

question 99

Multiple Choice

Closing entries included debits to revenues for a total of $5,000,credits to expenses for a total of $3,000,and a credit to dividends for $1,000.The net change in Retained Earnings for the month was:

• A)$1,000.
• B)$2,000.
• C)$3,000.
• D)$4,000.

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