A summary of selected ledger accounts appears below for Solomon's Electrical Services for the current calendar year-end. (1) The $18,000 debit to Retained Earnings on December 31 must represent
A) dividends paid
B) net income
C) net loss
D) sales of common stock

Question

A summary of selected ledger accounts appears below for Solomon's Electrical Services for the current calendar year-end. (1)  ​ The $18,000 debit to Retained Earnings on December 31 must represent
A) dividends paid 
B) net income 
C) net loss 
D) sales of common stock

Quizplus · Accepted Answer

The Answer of A summary of selected ledger accounts appears below for Solomon's Electrical Services for the current calendar year-end. (1)  ​ The $18,000 debit to Retained Earnings on December 31 must represent
A) dividends paid 
B) net income 
C) net loss 
D) sales of common stock

A Summary of Selected Ledger Accounts Appears Below for Solomon's