Test Exam 1 This Question 4 pts 1 of 33 32 com The entry to

Test: Exam 1 This Question: 4 pts 1 of 33 (32 com The entry to close the revenue accounts includes O A. debits to the respective revenue accounts and a credit to Retained Earnings. O B. debits to the respective revenue accounts and a credit to Dividends O c. a debit to Dividends and credits to the respective revenue accounts. O D. a debit to Retained Earnings and credits to the respective revenue accounts

Solution

The entry to close revenue accounts includes :

So answer is a) Debits to the respective revenue accounts and credit to retained earnings

Date	accounts & explanation	debit	credit
	Revenue
	Retained earnings