The entry to close income summary would be a. debit C. Finley, ...

[elizabeth18]

The entry to close income summary would be
 a. debit C. Finley, Capital, 50,000; credit Income Summary, 50,000
  b. debit Income Summary, 155,000; credit C. Finley, Capital, 155,000
  c. debit Income Summary, 50,000; credit C. Finley, Capital, 50,000
  d. debit C. Finley, Capital, 9,000; credit Income Summary, 9,000

Question 2

What is the amount of purchases budgeted for February?
 
  A) 32,214
  B) 70,200
  C) 73,320
  D) 95,160

[amynguyen1221]

Answer to Question 1

c

Answer to Question 2

Answer: C

[elizabeth18]

Wow, this really help

[smrtceo]

Thanks for the timely response, appreciate it