Accounting 115 Chapter 5

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Ask a homework question - tutors are online