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Big-Mouth Frog Corporation had revenues of $300,000, expenses of $200,000, and dividends of $55,000. When...

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Accounting

  1. Big-Mouth Frog Corporation had revenues of $300,000, expenses of $200,000, and dividends of $55,000. When Dividends are closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a:

credit of $100,000.

debit of $55,000.

credit of $55,000.

debit of $100,000.

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