Multiple Choice
At the end of 20D,the following data were taken from the accounts of Timberline Company: The 20D closing entries would include which of the following?
A) $10,000 net credit to retained earnings.
B) $10,000 net debit to retained earnings.
C) $190,000 debit to retained earnings.
D) $180,000 credit to retained earnings.
Correct Answer:
Verified
Correct Answer:
Verified
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