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Author Question: Income Summary, before closing to Capital, contains a debit balance of $86 and a credit balance of ... (Read 62 times)

bobthebuilder

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on: Nov 11, 2019
Income Summary, before closing to Capital, contains a debit balance of $86 and a credit balance of $100. What is the entry to close Income Summary to Capital?
◦ Debit Capital $14; credit Income Summary $14
◦ Debit Income Summary $14; credit Capital $14
◦ Debit Income Summary $86; credit Capital $86
◦ Debit Income Summary $100; credit Capital $100
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Marked as best answer by bobthebuilder on Nov 11, 2019

tennis14576

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Reply #1 on: Nov 11, 2019
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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bobthebuilder

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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