menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 31
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    The Final Closing Entry to Be Journalized Is Typically the Entry
Solved

The Final Closing Entry to Be Journalized Is Typically the Entry

Question 74

Question 74

Multiple Choice

The final closing entry to be journalized is typically the entry that closes the


A) revenue accounts.
B) dividends account.
C) retained earnings account.
D) expense accounts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: The worksheet does not show<br>A)net income or

Q70: The income statement for the year 2021

Q71: Both correcting entries and adjusting entries always

Q72: On a classified balance sheet, current assets

Q73: Intangible assets include each of the following

Q75: A correcting entry<br>A)must involve one balance sheet

Q76: After closing entries have been journalized and

Q77: At April 1, 2021, Spiderland Company reported

Q78: Which of the following steps in the

Q79: On March 8, Black Candy Company bought

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines