Dividends for a corporation are closed by debiting the Retained Earnings account crediting the Retained Earnings account.

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Dividends for a corporation are closed by debiting the Retained Earnings account crediting the Retained Earnings account. debiting the Paid-In Capital in Excess of Par account. crediting the Paid-In Capital in Excess of Par account

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Dividends for a corporation are closed by debiting the Retained Earnings account crediting the Retained Earnings account.

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