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Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Cash Accounts receivable Accounts payable H. Jones, Capital H. Jones, Drawing
Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Cash Accounts receivable Accounts payable H. Jones, Capital H. Jones, Drawing Fees revenue Advertising expense Travel expense Shipping expense Computer software expense Debit Balance Credit Balance $ 3,000 $ 280 $ 1,100 $ 3,700 $ 900 $ 12,200 $ 6,500 $ 4,200 $ 260 $ 430 Which of the following would be the third entry in the closing process for Flora Wholesalers? Which of the following would be the third entry in the closing process for Flora Wholesalers? Multiple Choice Account Name Debit Credit Income summary 810 H. Jones, Capital 810 Account Name H. Jones, Capital Debit 810 Credit Income summary 810 Account Name: Debit Credit Income summary Advertising expense 11,390 6,500 Travel expense Shipping expense Computer software expense 4,200 260 430 Account Name Debit Credit Advertising expense 6,500 Travel expense 4,200 Shipping expense 260 Computer software expense 430 Income summary 11,390
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