Question: Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr.

Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary for the "R"? Choose... . Will you dr. or cr..... the Expense accounts for the "E"? Choose... Will you dr. or cr..... Income Summary for the "E"? Choose... . Will you dr. or cr.... Retained Earnings for the Net Income for the "T"? Choose... Will you dr. or cr.... Income Summary for the Net Income for the "1"? Choose... Will you dr. or cr..... Retained Earnings for the "D"? Choose... . Will you dr. or cr..... Dividends for the "D"? Choose... . Choose... OS cr. Retained Earnings for the Net Income dr. Dividends dr. each Revenue account cr. Dividends Se ep dr. Income Summary for the Net Income dscr. Income Summary for the Net Income dr. Retained Earnings for the "D" dr. each Expense account cr. each Revenue account cr. Income Summary for the "R" dr. Income Summary for the "E" cr. Retained Earnings for the "D" cr. each Expense account cr. Income Summary for the "E" dr. Retained Earnings for the Net Income dr. Income Summary for the "R" Choose
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