The dividends account is closed to the income summary account.
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Q21: A post-closing trial balance should be prepared
Q29: Entries required to close the balances of
Q32: The balance sheet accounts are referred to
Q36: The trial balance prepared after all the
Q36: Assets, liabilities, and stockholders' equity accounts are
Q37: The dividends account is a temporary account.
Q39: All income statement accounts will be closed
Q39: Examples of temporary accounts are Supplies and
Q40: Accumulated Depreciation is a permanent account.
Q48: The income summary account is also known
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