Question: Which account ( s ) would get closed to retained earnings when closing the books: Wage Expense All Liabilities that were created because the company
Which accounts would get closed to retained earnings when closing the books:
Wage Expense
All Liabilities that were created because the company bought something with a loan.
Sales Revenue
Unearned Revenue
Dividends
All Revenue Accounts
Depreciation expense
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
