A Company Has the Following Adjusted Trial Balance: Which

Multiple Choice

A company has the following adjusted trial balance: Which closing entry is needed?

A) Debit Service Revenue for $33,800 and credit Retained Earnings for $33,800
B) Debit Rent Expense for $1,300 and credit Retained Earnings for $1,300
C) Credit Retained Earnings for $1,900 and debit Cash for $1,900
D) Debit Dividends for $800 and credit Retained Earnings for $800