The dividends account is closed to the common stock account.
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Q24: Accounts reported on the balance sheet that
Q27: Closing entries are entered directly on the
Q28: The dividends account is a permanent account.
Q29: Entries required to close the balances of
Q30: Journalizing and posting the adjustments and closing
Q31: During closing, revenue accounts are closed by
Q32: The balance sheet accounts are referred to
Q34: The post-closing trial balance will generally have
Q36: The trial balance prepared after all the
Q39: Examples of temporary accounts are Supplies and
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