A merchandiser has sales decounts forfened of $200, cost of goods sold of $19,000, and other...
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A merchandiser has sales decounts forfened of $200, cost of goods sold of $19,000, and other expenses of $2,100. The merchandiser uses a perpetual inventory system. The second entry in the closing process would indude OA a debit to Income Summary for $21.300 OB. a oedt to Income Summary for $2,300 OC a debt to Income Summary for $21,100 OD. a credit to Income Summary for $21,300 A merchandiser has sales decounts forfened of $200, cost of goods sold of $19,000, and other expenses of $2,100. The merchandiser uses a perpetual inventory system. The second entry in the closing process would indude OA a debit to Income Summary for $21.300 OB. a oedt to Income Summary for $2,300 OC a debt to Income Summary for $21,100 OD. a credit to Income Summary for $21,300
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