Pagina de inicio
/
Negocios
/
The F, Mercury, Copital account has a credit balance of 46,000 before closing entries are made Services revenue for the period is 64,200 weges expense is 44,300, and withdrawals are 12,600. What is the correct closing entry for the revenue accounts? Multiple Choice Debit Services revenue 64,200 credit Income Summary 64,200 Debit Services revenue 64,200 credit F, Mercury, Capital 46,000 Debit Income Summary 46,000 credit F. Mercury Capital 46,000 Debit Services revenue 46,000 credit F. Mercury, Capital 46.000. Debit Income Summary 64,200 credit Services revenue 64,200

Problemas

The F, Mercury, Copital account has a credit balance of 46,000 before closing entries are made Services revenue for the period is 64,200 weges expense is 44,300, and withdrawals are 12,600. What is the correct closing entry for the revenue accounts? Multiple Choice Debit Services revenue 64,200 credit Income Summary 64,200 Debit Services revenue 64,200 credit F, Mercury, Capital 46,000 Debit Income Summary 46,000 credit F. Mercury Capital 46,000 Debit Services revenue 46,000 credit F. Mercury, Capital 46.000. Debit Income Summary 64,200 credit Services revenue 64,200

The F, Mercury, Copital account has a credit balance of 46,000 before closing entries are made Services revenue for the period is 64,200 weges expense is 44,300, and withdrawals are 12,600. What is the correct closing entry for the revenue accounts? Multiple Choice Debit Services revenue 64,200 credit Income Summary 64,200 Debit Services revenue 64,200 credit F, Mercury, Capital 46,000 Debit Income Summary 46,000 credit F. Mercury Capital 46,000 Debit Services revenue 46,000 credit F. Mercury, Capital 46.000. Debit Income Summary 64,200 credit Services revenue 64,200

Solución

avatar
Tomásprofessionell · Tutor durante 6 años
expert verifiedVerificación de expertos
4.5 (222 votos)

Responder

The correct closing entry for the revenue accounts involves transferring the balance from the Services Revenue account to the Income Summary account. This is done by debiting the Services Revenue account and crediting the Income Summary account with the same amount.<br /><br />Therefore, the correct closing entry for the revenue accounts is:<br /><br />- Debit Services Revenue \$64,200<br />- Credit Income Summary \$64,200<br /><br />So, the correct choice is:<br /><br />Debit Income Summary \$64,200 credit Services Revenue \$64,200
Haz clic para calificar: