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Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial balance at year end is provided below. The third closing
Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial balance at year end is provided below. The third closing entry closes the balance of income summary.
REQUIRED: Provide the amount that will be debited or credited to the Income Summary account. (Provide the number only, no dollar sign, comma or extra spaces.)
Ding-a-ling Doorbells | |
Trial Balance (Partial) | |
November 30, 2021 | |
$ | |
A. Dingdong, Capital | 875 |
A. Dingdong, Drawings | 74 |
Accounts Payable | 175 |
Accounts Receivable | 100 |
Accumulated Depreciation | 50 |
Cash | 1,425 |
Cost of Good Sold | 800 |
Depreciation Expense | 25 |
Equipment | 500 |
Freight Out | 99 |
Interest Revenue | 91 |
Merchandise Inventory | 100 |
Notes Payable | 500 |
Prepaid Insurance | 60 |
Rent Expense | 95 |
Rental Revenue | 120 |
Salaries Expense | 400 |
Sales | 1,980 |
Sales Returns & Allowances | 136 |
Supplies | 250 |
Unearned Revenue | 120 |
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