sel Cash Sales O Purchases O O O Rent Expense TEA Texas Education Agency Multiple Choice Salaries Expense Accounts Payable R Holloway , Drawing R Holloway , Capital Merchandise Inventory Account Purchase Returns and Allowances Juvenile Probation Depart debit Sales and credit Income Summary for $15 0100 debit Income Summary for $15 ,000 and credit Sales for $15 ,000 debit Sales for $15 000 debit R Holloway , Capital for $13 0 00 and credit Income Summary for $ 28 , 000 1 900 1210 50 0 2 900 $ 90 0 3 0 0 500 Use the following account balances from the adjusted trial balance columns of RB Auto's worksheet to answer below question debit Sales $15,000 debit Purchase Returns and Allowance's $ 200 and credit Income Summary for $15, 200 Debit Balance Credit Balance TXETS Grade Reporting ( Gradebook Web Slice Gallery 15 , 000 13 , 000 2 , 8 00 200 Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances

Question

sel Cash Sales  O Purchases O O O Rent Expense   TEA Texas Education Agency     Multiple Choice  Salaries Expense Accounts Payable R   Holloway , Drawing   R   Holloway , Capital Merchandise Inventory Account Purchase Returns and Allowances   Juvenile Probation Depart      debit Sales and credit Income Summary for $15 0100   debit Income Summary for $15 ,000 and credit Sales for $15 ,000   debit Sales for $15  000   debit R Holloway , Capital for $13 0 00 and credit Income Summary for $ 28 , 000   1  900 1210   50 0  2   900 $  90 0 3 0 0 500 Use the following account balances from the adjusted trial balance columns of RB Auto's worksheet to answer below question     debit Sales $15,000   debit Purchase Returns and Allowance's $ 200 and credit Income Summary for $15, 200   Debit Balance Credit Balance       TXETS Grade Reporting    (    Gradebook   Web Slice Gallery     15 , 000 13 , 000 2 , 8 00 200 Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances

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sel Cash Sales* O Purchases O O O Rent Expense TEA Texas Education Agency~` Multiple Choice* Salaries Expense Accounts Payable R . Holloway , Drawing

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