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Use This Adjusted Trial Balance to Answer the Following Question

Question 15

Multiple Choice

Use this adjusted trial balance to answer the following question. Use this adjusted trial balance to answer the following question. The entry to close the Dividends account includes a A) debit to Dividends for $8,000. B) debit to Retained Earnings for $8,000. C) credit to Retained Earnings for $8,000. D) credit to Income Summary for $8,000. The entry to close the Dividends account includes a


A) debit to Dividends for $8,000.
B) debit to Retained Earnings for $8,000.
C) credit to Retained Earnings for $8,000.
D) credit to Income Summary for $8,000.

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