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 other answers are incorrect.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.