ACCT/510 ACCT510 ACCT 510 CHAPTER 4 MULTIPLE CHOICE QUESTIONS PART 6
COMPLETING THE ACCOUNTING CYCLE
MULTIPLE CHOICE QUESTIONS
81. The entry to close the expense accounts includes a
a. debit to Income Summary for $3,500.
b. credit to Income Summary for $3,500.
c. debit to Income Summary for $73,500.
d. debit to Wages Expense for $2,500.
82. After the revenue and expense accounts have been closed, the balance in In ...
Business Management Assignment Help
18 Nov 2016