The Entry Made to Close Service Revenue Would Include a Debit

question 38

Multiple Choice

The entry made to close Service Revenue would include a debit to:

• A)Retained Earnings and a credit to Service Revenue.
• B)Service Revenue and a credit to Retained Earnings.
• C)Service Revenue and a credit to Dividends.
• D)Service Revenue and a credit to Net Income.

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Definitions:

Genetic Makeup

The complete set of genes or genetic material present in a cell or organism, influencing its characteristics and traits.

Behavioral Genetics

A field of research that uses twin studies and adoption studies to investigate the relative effects of heredity and environment on behavior.

Heredity

The passing of traits from parents to their offspring, either through asexual reproduction or sexual reproduction, influenced by genes.

Environmental Influences

refer to external factors like culture, education, and social interactions that impact behavior and development.