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Determine entry would be used to close the dividends account

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Question problem 1: For the year ended December 31, a company has revenues of $318,000 and expenses of $196,500. The company paid $50,400 in dividends during the year. The balance in the Retained earnings account before closing is $82,000. Which of the following entries would be used to close the dividends account?

Reference no: EM132463219

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