WILL MARK BRAINLIEST!
Edgar needs to close out $670 in the dividends account at the end of the year. What closing entry will he use?
A. Income summary (debit) 670; Dividends (credit) 670
B. Retained earnings (debit) 670; Dividends (credit) 750
C. Dividends (debit) 670; Income summary (credit) 750
D. Revenue (debit) 670; Dividends (credit) 670
E. Cash (debit) 670; Dividends (credit) 670