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Business, 20.08.2021 16:50 Queenashley3232

A company had the following selected balances: Account Debit Credit Service Revenue $4,000 Rental Revenue $2,000 Wages Expense $500 Utilities Expense $100 Dividends $80 Demonstrate the last closing journal entry to close the Dividends account by selecting the correct answer below. Multiple choice question. Debit Dividends $80; Credit Income Summary $80 Debit Dividends $80; Credit Retained Earnings $80 Debit Retained Earnings $80; Credit Dividends $80 Debit Income Summary $80; Credit Dividends $80

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