Multiple Choice
Which of the following accounts is not affected by closing entries?
A) Common Stock
B) Cash Dividends
C) Retained Earnings
D) Service Fees Earned
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q95: Each adjusting entry affects a balance sheet
Q96: Each transaction entered in a general journal
Q97: Asset accounts are increased with debit entries.
Q98: The analysis of each transaction must result
Q99: The unadjusted Trial Balance for Tyler Company
Q101: St. Clair Motor Supplies had the
Q102: M. Mabrey received $2,500 from a tenant
Q103: Printing Supplies had a beginning balance of
Q104: Which of the following errors may escape
Q105: During their first year, Smith and Associates