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Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600. What is the balance in the income summary account
Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600. What is the balance in the income summary account prior to dosing net income or net loss?
O A. $2,900 debit
O B. $9,700 debit
O C. $2,900 credit
O D. $9,700 credit
Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600. What is the balance in the income summary account prior to dosing net income or net loss?
O A. $2,900 debit
O B. $9,700 debit
O C. $2,900 credit
O D. $9,700 credit
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