Shores Sports rents canoes and kayaks.Below is the adjusted trial balance at December 31. 
The entry required to close the revenue accounts at the end of the period includes a
A) debit to Income Summary for $37,000
B) credit to Income Summary for $38,300
C) debit to Income Summary for $38,300
D) credit to Income Summary for $37,000
Correct Answer:
Verified
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