Question
31.The correct closing entry for sales income of $60 000 is: Group of answer choices 1.DR Sales income $60 000; CR Profit or loss summary
31.The correct closing entry for sales income of $60 000 is:
Group of answer choices
1.DR Sales income $60 000; CR Profit or loss summary account $60 000
2.DR Profit or loss summary account $60 000; CR Sales income $60 000
3.DR Capital $60 000; CR Sales income $60 000
4.DR Sales income $60 000; CR Capital $60 000
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
