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When a Company Prepares Closing Entries,which One of the Following

Question 77

Multiple Choice

When a company prepares closing entries,which one of the following is NOT a correct closing entry?


A) Debit Retained Earnings;credit Salaries Expense.
B) Debit Dividends;credit Retained Earnings.
C) Debit Service Revenue;credit Retained earnings.
D) All of the above are correct.

Correct Answer:

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