Awn Services Paid a Dividend of $8,700 During the Current $\begin{array} { | c | r | r | } \hline \text { Dividends } & 8,700 & \\\hline \text { Cash } & & 8,700 \\\hline\end{array}$

question 12

Multiple Choice

Awn Services paid a dividend of $8,700 during the current year. The entry to close the dividend account at the end of the year is:

• A)\(\begin{array} { | c | r | r | }
• \hline \text { Dividends } & 8,700 & \\
• \hline \text { Cash } & & 8,700 \\
• \hline
• \end{array}\)
• B)\(\begin{array} { | c | c | c | }
• \hline \text { Retained earnings } & 8,700 & \\
• \hline \text { Dividends } & & 8,700 \\
• \hline
• \end{array}\)
• C)\(\begin{array} { | c | r | r | }
• \hline \text { Dividends } & 8,700 & \\
• \hline \text { Retained earnings } & & 8,700 \\
• \hline
• \end{array}\)
• D)\(\begin{array} { | c | c | c | }
• \hline \text { Common Stock } & 8,700 & \\
• \hline \text { Dividends } & & 8,700 \\
• \hline
• \end{array}\)
• E)\(\begin{array} { | c | r | r | }
• \hline \text { Income Summary } & 8,700 & \\
• \hline \text { Retained earnings } & & 8,700 \\
• \hline
• \end{array}\)

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Definitions:

Tetrodotoxin

A potent neurotoxin found in pufferfish and some other marine species that blocks nerve conduction by inhibiting sodium ion channels.

Sodium Channels

Sodium channels are proteins in cell membranes that allow sodium ions to flow into or out of cells, playing vital roles in the generation and transmission of electrical signals in neurons and muscle cells.

Hyperpolarization

An increase in a cell's membrane potential, making the cell more negative and less likely to fire an action potential.

Voltage Fluctuations

Variations in the electrical potential difference that can affect the performance of electronic circuits and power systems.