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A company had service revenue of $258,000, rent expense of $10,800, utility expense of $4,300, salary expense of $19,300, depreciation expense of $9,800, advertising expense
A company had service revenue of $258,000, rent expense of $10,800, utility expense of $4,300, salary expense of $19,300, depreciation expense of $9,800, advertising expense of $4,580, dividends in the amount of $18,800, and a beginning balance in retained earnings of $18,700. What is the balance in the income summary account before it is closed for the period?
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