Which of the Following Entries Properly Closes a Temporary Account

question 40

Multiple Choice

Which of the following entries properly closes a temporary account?

• A)Income Summary 20,000 Service Revenue 20,000
• B)Dividends 200 Retained Earnings 200
• C)Accumulated Depreciation 1,600 Income Summary 1,600
• D)Income Summary 400 Salaries Expense 400

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Definitions:

Active Listening

A communication technique involving listening attentively with all senses, reflecting, and providing feedback to ensure understanding.

Preventive Mental Health

Strategies and practices aimed at preventing mental health disorders and improving psychological well-being.

Exposure Therapy

A treatment method in psychological therapy that involves the controlled exposure of a patient to a feared object, situation, or activity to overcome their anxiety or distress.

Biomedical Therapies

Treatments for psychological disorders that involve altering brain chemistry with drugs, physical intervention (e.g., surgery), or other direct forms of intervention.