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Shores Sports Rents Canoes and Kayaks

Question 118

Multiple Choice

Shores Sports rents canoes and kayaks.Below is the adjusted trial balance at December 31. ​
Shores Sports rents canoes and kayaks.Below is the adjusted trial balance at December 31. ​ The entry required to close the expense accounts at the end of the period includes a: A) debit to Income Summary for $35,520 B) credit to Income Summary for $35,520 C) debit to Income Summary for $33,520 D) credit to Income Summary for $33,520 The entry required to close the expense accounts at the end of the period includes a:


A) debit to Income Summary for $35,520
B) credit to Income Summary for $35,520
C) debit to Income Summary for $33,520
D) credit to Income Summary for $33,520

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