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Author Question: The entry to close income summary would be a. debit C. Finley, Capital, 50,000; credit Income ... (Read 82 times)

elizabeth18

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on: Jul 5, 2018
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


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amynguyen1221

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

Answer: C


elizabeth18

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Excellent

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