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The Income Summary T account has been opened for you. Post to it all entries from the closing journal entries provided that affect it. 3

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The Income Summary T account has been opened for you. Post to it all entries from the closing journal entries provided that affect it. 3 Click the icon to view the closing journal entries.) Is Income Summary a temporary or permanent account? Post the closing entries to the Income Summary T account. (Post amounts to the T account in the same order as given in the information. Make sure to use next available cell on the proper side of the T account when entering your transactions. If a box is not used in the T account, leave the box empty; do not enter a zero.) Income Summary 314 Is Income Summary a temporary or permanent account? Income Summary is a account because its balance carried over from one accounting period to another. 0 Data Table - x Closing Journal Entries Account Titles PR Date Dr. Cr. 201X CJE1 500 500 CJE2 283 60 131 Taxi Fees Income Summary Income Summary Gas Expense Advertising Expense Depreciation Expense, Taxi Income Summary Micky Brown, Capital Micky Brown, Capital Micky Brown, Withdrawals 92 CJE3 2171 217 CJE4 160 160

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