After closing entries have been posted 0 A Only permanent ac

After closing entries have been posted 0 A. Only permanent accounts carry balances. O B. The ending balance of Retained Earnings has been properly updated. C. O D. Dividends have been closed into Retained Earnings. All of the statements are correct.

Solution

1 After closing entries have been posted permanent account balances carry balances,ending balance of Retained Earnings have been updated and Dividends have been closed. Option D is correct 2 Dividends is not a Balance Sheet Account Option C is correct