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

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Definitions:

Emotional Management

The ability to understand, control, and express one's emotions and to handle interpersonal relationships judiciously and empathetically.

Democratic Approach

A style of leadership or decision-making that involves the participation and input of all members of a group or organization.

Personal Commitment

An individual's dedication or promise to pursue a specific course of action or uphold certain values.

Relationship-motivated

Being driven by the desire to build and maintain meaningful connections with others, often prioritizing interpersonal relationships over task accomplishments.