【单选题】Assume that Bob earned a net income of $30,000, which of the following entry will Bob write to close the income summary account?
A.
Debit Income summary and Credit Owner's Capital
B.
Debit Owner's Capital and Credit Income summary
C.
Debit Income summary and Credit Accounts Payable
D.
Debit Income summary debit and Credit Accounts Receivable
【判断题】An income statement is a summary of the revenues and expenses of a business as of a specific date.()
【单选题】Which of the following journal entries is required to close the Income Summary account of a profitable company? ( )
A.
Debit Income Summary, credit Retained Earnings.
B.
Credit Income Summary, debit Retained Earnings.
C.
Debit Income Summary, credit Capital Stock.
D.
Credit Income Summary, debit Capital Stock.
【单选题】If expenses are greater than revenues, the Income Summary account will be closed by a debit to:
A.
Income Summary and a credit to Cash.
B.
Income Summary and a credit to Retained Earnings.
C.
Cash and a credit to Income Summary.
D.
Retained Earnings and a credit to Income Summary.