This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the balance of the Income Summary account is a credit, the entry to close this account is (Read 84 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Nov 10, 2019
When the balance of the Income Summary account is a credit, the entry to close this account is
◦ debit Revenue; credit Income Summary.
◦ debit Income Summary; credit Capital.
◦ debit Income Summary; credit Revenue.
◦ debit Capital, credit Income Summary.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by segrsyd on Nov 10, 2019

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Nov 10, 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.
Answer Preview
Only 39% of students answer this correctly


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Nov 10, 2019
Gracias!

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
Ecosystem and Balance Ecosystem and Balance
Summary of Standard Precautions Summary of Standard Precautions
Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ... Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ...
Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ... Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ...
Summary of the Effects of Massage Summary of the Effects of Massage
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library