Question
Which of the following merchandise accounts are closed with a debit to Income Summary? a.) sales discounts b.) purchases c.) purchase discounts d.) sales returns
Which of the following merchandise accounts are closed with a debit to Income Summary?
a.) sales discounts
b.) purchases
c.) purchase discounts
d.) sales returns and allowances
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
