A Company Has the Following Adjusted Trial Balance: What

Multiple Choice

A company has the following adjusted trial balance: What closing entries are needed?

A) Debit Service Revenue for $33,000 and credit Retained Earnings for $33,000
B) Debit Rent Expense for $2,300 and credit Retained Earnings for $2,300
C) Credit Retained Earnings for $2,100 and debit Cash for $2,100
D) Debit Dividends for $1,000 and credit Retained Earnings for $1,000