Question

When a company prepares closing entries, which of the following is (are) correct? Select one: a....

When a company prepares closing entries, which of the following is (are) correct? Select one:

a. Credit Retained Earnings; debit Salaries Expense

b. Credit Dividends; debit Retained Earnings

c. Credit Service Revenue; debit Retained Earnings

d. All of the above are correct closing entries

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