Question: 1. The entry to close Dividends would be A. debit Retained Earnings; credit Income Summary B. debit Income Summary; credit Dividends C. debit Retained Earnings;

1. The entry to close Dividends would be

A. debit Retained Earnings; credit Income Summary

B. debit Income Summary; credit Dividends

C. debit Retained Earnings; credit Dividends

D. debit Dividends; credit Retained Earings

2. The type of account and normal balance of Unearned Rent is

A. asset, credit

B. asset, debit

C. contra asset, credit

D. contra asset, debit

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