Saturday, October 10, 2020

Of the following six accounts, which ones have temporary balances:

Of the following six accounts, which ones have temporary balances:


(1) Service Revenue

(2) Dividends

(3) Salaries Expense

(4) Common Stock

(5) Retained Earnings

(6) Cash



A) (1), (2), and (3).

B) (4), (5), and (6).

C) (2), (4), and (5).

D) (1), (3), and (5).



Answer: A

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