A Company Has the Following Adjusted Trial Balance: Which

question 220

Multiple Choice

A company has the following adjusted trial balance: Which closing entry is needed?

• A)Debit Retained Earnings for $900 and credit Dividends $900
• B)Debit Retained Earnings for $2,700,credit Rent Expense for $1,500 and credit Supplies Expense for $1,200
• C)Debit Retained Earnings for $9,000,credit Salaries Expense for $6,100,credit Depreciation Expense for $1,000 and credit Utilities Expense for $1,900
• D)all of the above

---

Definitions:

Assertive

Being confident and bold in stating one’s demands or opinions without being aggressive.

Superordinate Goal

An objective that can only be achieved by the cooperation and collaboration of two or more groups, which often leads to reduced conflict and increased unity.

Conflict Stimulation

A strategy of increasing conflict to motivate change.

Moderate Assertiveness

The quality of being confidently assertive in a manner that is neither too aggressive nor too passive.