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Martinville, Inc. eaned revenues of $13,000 and incurred expenses of $8,000. The company declared and paid cash dividends of $2,500. What is the Income Summary
Martinville, Inc. eaned revenues of $13,000 and incurred expenses of $8,000. The company declared and paid cash dividends of $2,500. What is the Income Summary account prior to closing net income or loss to the Retained Earnings account? in the O A. credit balance of $5,000 OB. credit balance of $13,000 O C. debit balance of $2,500 O D. debit balance of $5,000
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