Rosewood earned revenues of $19,000 and incurred expenses of $4,500. The owner made withdrawals of $2,500. What is the balance in the Income Summary account
Rosewood earned revenues of $19,000 and incurred expenses of $4,500. The owner made withdrawals of $2,500. What is the balance in the Income Summary account after closing net income or loss to the Owner, Capital account?
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Authors: Charles T. Horngren
3rd Edition
0131800345, 978-0131800342
