The following accounts are excerpts from Your Co's 12/31/10 adjusted trial balance. A/P 20 A/R 30 Cash
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The following accounts are excerpts from Your Co's 12/31/10 adjusted trial balance. A/P 20 A/R 30 Cash 50 Dividends 10 Fuel Expense 10 Prepaid Rent 15 Rent Expense 30 Retained Earnings 60 Service Revenue 200 Supplies 5 Supplies Expense 15 Unearned Revenue 45 Wages Payable 5 Wage Expense 25 The journal entry to close income summary would include (select all those that apply) . . . Group of answer choices Dr. Income Summary 120 Dr. Retained Earnings 60 Dr. Income Summary 165 Cr. Income Summary 165 Cr. Retained Earnings 120 Cr. Income Summary 120 Cr. Retained Earnings 165 Dr. Retained Earnings 120
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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