Question
If revenues are $297,000, expenses are $238,000 and dividends are $34,500, before it is closed, the Income Summary will have a: Multiple Choice Credit balance
If revenues are $297,000, expenses are $238,000 and dividends are $34,500, before it is closed, the Income Summary will have a:
Multiple Choice
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Credit balance of $59,000.
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Debit balance of $24,500.
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Credit balance of $24,500.
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Debit balance of $59,000.
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Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy
Authors: Jacques Richard, Alexandre Rambaud
1st Edition
1032046589, 9781032046587
