Accounting 115 Chapter 5

Accounting 115 Chapter 5 - 4 Close Dividends to Retained...

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Chapter 5 Closing the Temporary Accounts 1. Close Revenue accounts to Income summary 2. Close Expense accounts to Income summary 3. Close Income summary account to retained earnings
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Unformatted text preview: 4. Close Dividends to Retained earnings Temporary revenues expenses dividends to close an account you make the balance of that account zero...
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This note was uploaded on 04/27/2008 for the course ACCT 115 taught by Professor Kaplan during the Spring '08 term at Drexel.

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