Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial balance at
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Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial balance at year-end is provided below. The second closing entry closes income statement debits to income summary.
REQUIRED: Provide the amount that will be debited or credited to the Income Summary account. (Provide the number only, no dollar sign, comma or extra spaces.)
Ding-a-ling Doorbells | |
Trial Balance (Partial) | |
November 30, 2021 | |
$ | |
Unearned Rental Revenue | 180 |
Sales Returns & Allowances | 173 |
Sales | 1,477 |
Repairs Expense | 635 |
Rental Revenue | 339 |
Prepaid Rent Expense | 375 |
Loan Payable | 750 |
Merchandise Inventory | 100 |
Interest Revenue | 67 |
Insurance | 90 |
Furniture | 750 |
Depreciation Expense | 35 |
Cost of Good Sold | 470 |
Bank | 2,130 |
Accumulated Depreciation 70
Accounts Receivable 150
Accounts Payable 260
A. Dingdong, Drawings 49
A. Dingdong, Capital 2,080
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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