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On December 31, the Income Summary account of Sampson Fixers has a credit balance of $19,300 after revenue of $92,800 and expenses of $73,500 were
On December 31, the Income Summary account of Sampson Fixers has a credit balance of $19,300 after revenue of $92,800 and expenses of $73,500 were closed to the account. Betty Andrews, Drawing has a debit balance of $4,800 and Betty Andrews, Capital has a credit balance of $49,500. Record the journal entries necessary to complete closing the accounts. Post the closing entries to the Betty Andrews, Capital account
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