Spring $2025$ MCW

Juan Cabana

$\frac{05}{2}$

al Exam

$45$ of $50$

This test $50$ point$($s$)$ possible

This question: $1$ point$($s$)$ posstle

What do closing entries accomplish?

A$.$ Bring the Retained Earnings account to its correct ending balance

B$.$ Zero out the revenues, expenses, and dividends

C$.$ Transfer revenues, expenses, and dividends to the Retained Earnings account

D$.$ All of the above