The journal entry required to close the dividends account includes
The journal entry required to close the dividends account includes 1 a debit to Income Summary and a credit to Dividends.2 a debit to Retained Earnings and a credit to Dividends.3 a debit to Retained Earnings and a credit to Cash.4 None of these choices are correct. The correct answer and explanation is : The […]
The journal entry required to close the dividends account includes Read More »