1. The type of account and normal balance of Unearned Rent is A. asset, credit...

70.2K

Verified Solution

Question

Accounting

1. The type of account and normal balance of Unearned Rent is

A. asset, credit

B. asset, debit

C. contra asset, credit

D. contra asset, debit

2. The entry to close Dividends would be

A. debit Retained Earnings; credit Income Summary

B. debit Income Summary; credit Dividends

C. debit Retained Earnings; credit Dividends

D. debit Dividends; credit Retained Earings

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students