Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $2,600. What is the balance in the income summary account after all closing entries are completed?
A)$2,600 credit
B)$2,900 debit
C)$2,900 credit
D)$0

Question

Quizplus · Accepted Answer

The Answer of Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $2,600. What is the balance in the income summary account after all closing entries are completed?
A)$2,600 credit
B)$2,900 debit
C)$2,900 credit
D)$0

Revenues Total $20,200, Expenses Total $17,300, and the Owner's Withdrawals