Which of the following is a possible closing entry?
A. Debit Cash, credit Retained Earnings.
B. Debit Dividends, credit Retained Earnings.
C. Debit Cash, credit Service Revenue.
D. Debit Service Revenue, credit Retained Earnings.
Answer: D
You might also like to view...
______ recognizes that we all are aware of what we contribute and what we receive in return from our roles in work and in life, and that we also compare this ratio of our inputs and outcomes with that of other people.
Fill in the blank(s) with the appropriate word(s).
Tess, a tenant, moves from her apartment in breach of the lease agreement. The landlord, Lenny, may not attempt to rent the apartment until the date of the lease expiration, and so has no recourse to minimize damages
a. True b. False Indicate whether the statement is true or false
Carmen Martinez works for a cosmetics manufacturer and is responsible for ensuring that retailers have adequate quantities of products when they need them. However, she is directing much of her effort toward helping the retailers promote the products. She would be characterized as belonging to which group of salespeople?
A. Trade salespeople B. Outside sales force C. Advisory salespeople D. Technical salespeople E. Missionary salespeople
Corner Market sells groceries. Delta Food & Drug Store sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is A)?Corner Market and Delta Food & Drug Store
B)?Delta Food & Drug Store only. C)?the Federal Trade Commission. D)?the Food and Drug Administration.