question 5

Page 1: 1 2 3 Question 5 (1 point) 4 Listen 4 5 6 DEF company has $20,000 in revenue, $10,000 in company expenses and $7.000 in dividends. What is the entry to close out revenues? B 9 7 -- ! Debit revenues $20.000 and credit retained earnings $20.000 10 11 12 Debit retained earnings $20.000 and credit revenues $20,000 13 14 15 None of the answer choices are correct Debit income summary $20,000 and credit revenues $20,000 Debit revenues $20,000 and credit income summary $20,000 Question 6 (1 point)