Question: NTING PRINCIPLES I Section3 Lecture (20201_02011 urses / ACCOUNTING PRINCIPLES I Section3 Lecture (20201 020111011 AAUP-JENIN)/26 January 1 February / Se Time left 0:39

NTING PRINCIPLES I Section3 Lecture (20201_02011 urses / ACCOUNTING PRINCIPLES I Section3 Lecture (20201 020111011 AAUP-JENIN)/26 January 1 February / Se Time left 0:39 If the following balances are exist in the adjusted trial balance:Service revenues $55,000 Interest expense $10,000 Salaries Expense $30,000 Rent Revenues $4,000 Depreciation Expense $7,000 Drawings $3,000 The closing entry for the Income summary would include: O a. Income summary account should be Debited (Dr.) by $ 9,000. O b. Capital account should be Credited (Cr.) by $ 12,000. Oc Capital account should be Debited (Dr.) by $9,000. Od. Income summary account should be Credited (Cr.) by $ 12,000. Jump to... 0 You are logged in as Adam Alaboushi (Log out) ACCOUNTING PRINCIPLES I Section3 Lecture (20201 020111011 AAUP - JENIN) Data retention summary at the mahila Next pac II

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