Multiple Choice
After all closing entries have been posted, the Income Summary account will have a balance of
A) $0.
B) $3,500 debit.
C) $3,500 credit.
D) $36,500 credit.
Correct Answer:
Verified
Related Questions
After all closing entries have been posted, the Income Summary account will have a balance of
A) $0.
B) $3,500 debit.
C) $3,500 credit.
D) $36,500 credit.
Correct Answer:
Verified
