Answer 1 of 10: I have been searching for apartments and hotels in Barcelona and they all seem to have double or twin beds. Are there any queen or king size beds to be found? It seems to me the largest beds are doubles. Thanks for any info.
Correct Answer: To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period. â¢ Question 8 0.5 out of 0.5 points Which type of account is always credited during the closing process? Answer Selected Answer: Expense. Correct Answer: Expense.
Closing the dividend account requires a debit entry to be made to the retained earnings for the total in the dividend account and a credit entry to be made to the dividend account. Once all the closing entries have been made, the final step in the accounting cycle, preparing a post-closing trial balance, can occur.