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SLO - Financial Statement Help Save & Exit Sub Soved 3 Use the following account balances from the adjusted trial balance columns of Goody Chocolate's
SLO - Financial Statement Help Save & Exit Sub Soved 3 Use the following account balances from the adjusted trial balance columns of Goody Chocolate's worksheet to answer below question. Account Debit Balance Credit Balance 10,000 4,000 Cash Merchandise Inventory Accounts Payable A. Goody, Drawing A. Goody, Capital Sales Sales Discounts Purchases Salaries Expense Income Summary 2,200 1,000 6,000 24,000 200 12,000 7,500 1,500 4,000 Using the adjusted trial balance above, select the correct closing entry that Goody Chocolate would make to close their revenue accounts (and other temporary income statement accounts with credit balances) at the end of the accounting period. Multiple Choice Income Sunmary 24,200 Sales Sales Discounts 24,000 200
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