Question $19(2$ points$)$

The income statement for the year $2020$ of Poole Co$.$ contains the following information:

After the revenue and expense accounts have been closed, the balance in Income Summary will be

$$0$

a credit balance of $$5,000$

a debit balance of $$5,000$

a credit balance of $$150,000$

Question $19(2$ points$)$

The income statement for the year $2020$ of Poole Co$.$ contains the following information:

After the revenue and expense accounts have been closed, the balance in Income Summary will be

$$0$

a credit balance of $$5,000$

a debit balance of $$5,000$

a credit balance of $$150,000$