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A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Tricia DeBarre, Capital
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Tricia DeBarre, Capital in the process of closing the Income Summary account? (Assume all accounts have normal balances.)
Tricia De Barre, Capital | $ 5,750 | ||
Tricia De Barre, Withdrawls | 8,050 | ||
Revenue | 23,000 | ||
Rent expense | 2,300 | ||
Salaries expense | 5,450 | ||
Insurance expense | 260 | ||
Depr. Expense - equipment | 360 | ||
Accum depr. - equipment | 1,080 | ||
|
a)$14,630 debit.
b)$6,580 credit.
c)$14,630 credit.
d)$15,710 credit.
e)$6,580 debit.
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