Question
The first two closing entries to the Income Summary account indicate a debit of $56,250 and a credit of $67,900. The third closing entry would
The first two closing entries to the Income Summary account indicate a debit of $56,250 and a credit of $67,900. The third closing entry would be:
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debit Income Summary $11,650; credit Drawing $11,650.
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debit Revenue $67,900; credit Expenses $56,250.
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debit Income Summary $11,650; credit Capital $11,650.
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debit Capital $11,650; credit Income Summary $11,650.
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
