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Use the following account balances from the adjusted trial balance of Flora Wholesalers: Debit Credit Cash Account Accounts receivable Accounts payable H. Jones, Capital
Use the following account balances from the adjusted trial balance of Flora Wholesalers: Debit Credit Cash Account Accounts receivable Accounts payable H. Jones, Capital H. Jones, Drawing Fees revenue Advertising expense Travel expense Shipping expense Computer software expense Balance Balance $ 4,200 $ 300 $ 1,100 $ 4,400 $ 900 $ 13,200 $ 8,100 $ 4,200 $ 300 $ 400 Which of the following would be the second entry in the closing process for Flora Wholesalers? Multiple Choice Account Name Debit Credit Income summary 13,200 Fees revenue 13,200 Account Name Fees revenue Debit 13,200 Credit Income summary 13,200 Account Name Income summary Debit 13,000 Credit Advertising expense 8,100 Travel expense 4,200 Shipping expense 300 Computer software expense 400 Account Name Debit Credit Advertising expense 8,100 Travel expense 4,200 Shipping expense 300 Computer software expense 400 Income summary 13,000
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