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O assets, liabilities, revenues, expenses, and dividends On Dec 31, MR Inc. has the following information available: Sales Revenue, $150,000; Rent Expense, $20,000; Advert
O assets, liabilities, revenues, expenses, and dividends On Dec 31, MR Inc. has the following information available: Sales Revenue, $150,000; Rent Expense, $20,000; Advert Expense, $10,000, Prepaid Expense $5,000, and Dividends, $20,000. After closing the appropriate accounts, the resulti alance in Income Summary would be $100,000 credit balance $180,000 debit balance $115,000 credit balance $110,000 debit balance $120,000 credit balance ce of $36.000, outstanding checks are $10,000, a deposit of $4,000 w inst the account, the correct bala
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