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Use the following account balances from the adjusted trial balance of Gees Catering Debit Balance 10,000 Credit Balance 2,000 18,000 Account Cash Accounts payable R.
Use the following account balances from the adjusted trial balance of Gees Catering Debit Balance 10,000 Credit Balance 2,000 18,000 Account Cash Accounts payable R. Gees, Capital R. Gees, Drawing Fees revenue Salary expense Rent expense Supplies expense 1,000 10,000 7,000 6,000 6,000 Select the correct closing entry that Gees Catering would make to close their Income Summary account at the end of the accounting period. Multiple Choice Credit Account Name Income Summary R. Gees, Capital Debit $19,000 $19,000 Credit Account Name R. Gees, Capital Income Summary Debit $19,000 $19,000 Credit Account Name R. Gees, Capital Income Summary Debit $9,000 $9,000 Credit Account Name Income Summary R. Gees, Capital Debit $9,000 $9,000
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