Question: Saved Help Save & Exit Canopy Services paid K. Canopy, the sole shareholder of Canopy Services, $5,700 in dividends during the current year. The entry

 Saved Help Save & Exit Canopy Services paid K. Canopy, the

Saved Help Save & Exit Canopy Services paid K. Canopy, the sole shareholder of Canopy Services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year is: 0025:42 Mutiple Choice Debit Diidends $570, credit Cash $5,700 Debit Retained earnings $5.700, credt Dividends $5700 Debit Dividends$5,700, credit Retained earnings $5.700 Debit Retained earnings $5.700, credit Salary Expense $5.700 K Prex 11 of 20 Next

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