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Exam One ( Chapter 16)0 Swed Help Save & Exit 11 On December 31, the Income Summary account of Sampson Fixers has a credit balance
Exam One ( Chapter 16)0 Swed Help Save & Exit 11 On December 31, the Income Summary account of Sampson Fixers has a credit balance of $20,000 after revenue of $90,000 and expenses of $70,000 were closed to the account. Betty Andrews, Drawing has a debit balance of $3,400 and Betty Andrews, Capital has a credit balance of $46,000. Record the journal entries necessary to complete closing the accounts. Post the closing entries to the Betty Andrews, Capital account. Complete this question by entering your answers in the tabs below. {:[" General "],[" Journal "]:} {:[" General "],[" Ledger "]:} Record the foumal entries necessary to complete closing the accounts. View transaction list Journal entry worksheet Record entry to tranther
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