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What is the Net Income Summary amount that will be closed out to Owner's Capital ? QUESTION 14 York Industries Adjusted Trial Balance For the
What is the Net Income Summary amount that will be closed out to Owner's Capital ?
QUESTION 14 York Industries Adjusted Trial Balance For the Month Ending July 31, 2018 Credit Debit $ 528,250 15,800 1,500 24,000 78,000 $ 45,800 12,900 Account Name 100-Cash 101-Accounts Receivable 102-Supplies 103-Prepaid Rent 145-Computers (cost) 150-Accumulated Depreciation- Computers 200-Accounts Payable 202-Salaries & Wages Payable. 204-Unearned Revenue 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 500-Advertising Expense 600-Rent Expense 701-Salaries & Wages Expense 750-Supplies Expense 790-Utilities Expense 24,700 36,000 210,600 10,000 - 670,000 87,500 15,600 15,350 189,000 35,000 $1,000,000 $1,000,000Step by Step Solution
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