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what is correct answer 85) J. Oros showed a net loss of $3,250. The entry to close the Income Summary account would include a A)

what is correct answer

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85) J. Oros showed a net loss of $3,250. The entry to close the Income Summary account would include a A) debit to Oros, Capital, $3,250. Bj debit to Income Summary, $3,250, () credit to Oros, Capital, $3,250. Dj credit to Cash, $3,250. 59) The balance in the J. Higgins, Withdrawals account was $4,700. The entry to close the account would include a A) debit to Income Summary, $4,700 B) credit to Income Summary, $4,700. () debit to J. Higgins, Capital, $4,700. D) debit to J. Higgins, Withdrawals, $4,700. 90) The balance in the Rent Expense account on the worksheet was $725. The journal entry to close the Rent Expense account is A) Rent Expense 725 Prepaid Rent 725 B) Rent Expense725 Income Summary 725 C) Rent Expense 725 Capital 725 D) Income Summary 725 Rent Expense 725 91) B. Benson's worksheet showed the revenue account, Rental Fees, $1,250. The journal entry to close the account is A) Rental Fees 1,250 Income Summary 1,250 B) Benson, Capital 1,250 Rental Fees 1,250 C) Rental Fees 1,250 Benson, Capital 1,250 D) Income Summary 1,250 Rental Fees 1,250

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