The final closing entry to be journalized is typically the entry that closes the
A) revenue accounts.
B) dividends account.
C) retained earnings account.
D) expense accounts.

Name: The final closing entry to be journalized is typically the entry that closes the A) revenue accounts. B) dividends account. C) retained earnings account. D) expense accounts.
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Question

Quizplus · Accepted Answer

The final closing entry typically closes the dividends account to retained earnings, after closing revenue and expense accounts.

The Final Closing Entry to Be Journalized Is Typically the Entry