The Entry Made to Close Service Revenue Would Include

question 3

Multiple Choice

The entry made to close service revenue would include:

• A) a debit to Service Revenue and a credit to Dividends
• B) a debit to Service Revenue and a credit to net income
• C) a debit to Retained Earnings and a credit to Service Revenue
• D) a debit to Service Revenue and a credit to Retained Earnings

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Definitions:

Charles Horton Cooley

An American sociologist known for developing the concept of the "looking-glass self," which explains how individuals form their self-image based on how they believe others perceive them.

Sociologist

A researcher specializing in the examination of human society's growth, framework, and operations.

Race

A social category, or social construction, that we treat as distinct on the basis of certain characteristics, some biological, that have been assigned social importance in the society.

Organization

An structured group of individuals with a specific purpose, such as a business, government body, or charity.