If a journal entry includes a debit or credit to the Retained Earnings account, it is most
Question:
If a journal entry includes a debit or credit to the Retained Earnings account, it is most likely which of the following?
A. A closing entry
B. An adjusting entry
C. An ordinary transaction entry
D. Outside of the accounting cycle
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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