On Flex Company's worksheet the revenue account had a normal balance of $3,800.The entry to close the account would include a:

Question

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The normal balance of a revenue account is a credit balance, so to close the revenue account at the end of the period, we need to transfer the credit balance to Income Summary. This means we need to credit Revenue for $3,800, which is the opposite of its normal balance. The corresponding entry would be a debit to Income Summary for $3,800, which represents the total revenue earned for the period. Therefore, the correct option is B.

On Flex Company's Worksheet the Revenue Account Had a Normal