From the following list, identify the accounts that should be closed to Income Summary at the end
Question:
(a) Accounts Payable,
(b) Advertising Expense,
(c) Cost of Merchandise Sold,
(d) Merchandise Inventory,
(e) Sales,
(f) Sales Discounts,
(g) Sales Returns and Allowances,
(h) Supplies,
(i) Supplies Expense,
(j) Terry Weaver, Drawing,
(k) Wages Payable.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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