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At April 1.2020. Carla Vista Company reported a balance of $23,600 in the Owner's Capital account Carla Vista Company earned revenues of $59,000 and incurred
At April 1.2020. Carla Vista Company reported a balance of $23,600 in the Owner's Capital account Carla Vista Company earned revenues of $59,000 and incurred expenses of $37.760 during April 2020. The company had owner drawings of $11,800 during the month (a) 3 Your answer is partially correct. Prepare the entries to close Income Summary and the Owner's Drawings account at April 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Apr. Income Summary 30 Owner's Capital (To close net income to owner's capital.) Apr. 30 Owner's Capital 14N
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