7The business has a debit balance of Dividends of RO 14,400 during the year 2017, in its unadjusted trial balance. How would you record this in the form of closing entry? a.Income summary RO 14,400...

7The business has a debit balance of Dividends of RO 14,400 during the year 2017, in its unadjusted trial balance. How would you record this in the form of closing entry? a. Income summary RO 14,400 Dr / Dividends RO 14,400 Cr b. Retained earnings RO 14,400 Dr / Dividends RO 14,400 Cr c. Dividends RO 14,400 Dr / Retained earnings RO 14,400 Cr d. Dividends RO 14,400 Dr / Income summary RO 14,400 Cr

Jun 09, 2022
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