Big-Mouth Frog Corporation had revenues of $330,000, expenses of $200,000, and dividends of $45,000, When Income Summary

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Big-Mouth Frog Corporation had revenues of $330,000, expenses of $200,000, and dividends of $45,000, When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a

Credit of $130,000.

Debit of $130,000.

Credit of $85,000.

Debit of $85,000.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Nov 23, 2018 09:32 AM

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Big-Mouth Frog Corporation had revenues of $330,000, expenses of $200,000, and dividends of $45,000, When Income Summary

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The given data is Revenues 330000 Less expenses 200000 Net Income 130000 ... View the full answer

Accounting concepts and applications

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