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Author Question: M. Smuts showed a net income of $7,500. The entry to close the Income Summary account would include a (Read 58 times)

pane00

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M. Smuts showed a net income of $7,500. The entry to close the Income Summary account would include a
◦ debit to M. Smuts Capital, $7,500.
◦ credit to M. Smuts Capital, $7,500.
◦ debit to Income Summary, $7,500.
◦ Both B and C are correct.


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Marked as best answer by pane00 on Nov 10, 2019

jazzlynnnnn

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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pane00

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Reply 2 on: Nov 10, 2019
Great answer, keep it coming :)


zacnyjessica

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Reply 3 on: Yesterday
Excellent

 

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