For the year ended December 31. A company had services revenue of $19,1000 and wages expenses of $114,600,Dividends of $38,200 were paid during the year. Which of the following entries could not be a closing entry? Debit Income Summary $76,400; credit Retained Earnings $76.400 Debit Retained Earnings $38,200: credit Dividends $38,200. > Debit Income Summary $191,000: credit Services Revenue $191,000. Debit Services Revenue $191,000; credit Income Summary $191,000 Debit Income Summary $114,600; credit Wages Expense $114,600.

For the year ended December 31. A company had services revenue of $19,1000 and wages expenses of $114,600,Dividends of $38,200 were paid during the year. Which of the following entries could not be a closing entry? Debit Income Summary $76,400; credit Retained Earnings $76.400 Debit Retained Earnings $38,200: credit Dividends $38,200. > Debit Income Summary $191,000: credit Services Revenue $191,000. Debit Services Revenue $191,000; credit Income Summary $191,000 Debit Income Summary $114,600; credit Wages Expense $114,600.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: accounting
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