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 133 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
Thanks for the timely response, appreciate it

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The average adult has about 21 square feet of skin.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Summary of Bonds and their Properties Summary of Bonds and their Properties
Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Summary of the digestive enzymes Summary of the digestive enzymes
Acid–Base Balance Acid–Base Balance
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library