Question: Please help me [ Select ] Select the correct entry to close income summary from the table below: Debit Credit A Retained earnings $4,000 Income
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[ Select ] Select the correct entry to close income summary from the table below: Debit Credit A Retained earnings $4,000 Income summary $4,000 B Income summary $4,000 Retained earnings $4,000 C Income summary $8,500 Revenue $8,500 D Net income $6,000 Retained earnings $6,000year to answer these questions. Debit Credit Cash $1,000 Accounts receivable $3,000 Equipment $5,000 Accounts payable $3,500 Common stock $2,000 Retained earnings . V Dividends $500 Service revenue $8,500 Salaries expense $2,500 Advertising expense $2,000
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