Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned...

 

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Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned Salaries Expense Advertising Expense Depreciation Expense Totals Debit $ 16,000 Credit 13,000 23,500 $ 6,500 8,000 23,000 -0- 8,000 48,000 17,000 3,500 4,500 $ 85,500 $ 85,500 The Income Summary will have what balance before it is closed? Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned Salaries Expense Advertising Expense Depreciation Expense Totals Debit $ 16,000 Credit 13,000 23,500 $ 6,500 8,000 23,000 -0- 8,000 48,000 17,000 3,500 4,500 $ 85,500 $ 85,500 The Income Summary will have what balance before it is closed?