|
Title: Rosewood, Inc. earned revenues of $19,000 and incurred expenses of $4,000. The company declared and ... Post by: H3Ko on Aug 28, 2016 Rosewood, Inc. earned revenues of $19,000 and incurred expenses of $4,000. The company declared and paid cash dividends of $1,500. What is the balance in the Income Summary account after closing net income or loss to the Retained Earnings account?
A) debit balance of $19,000 B) credit balance of $15,000 C) credit balance of $4,000 D) balance of $0 Title: Re: Rosewood, Inc. earned revenues of $19,000 and incurred expenses of $4,000. The company declared ... Post by: .unplugged. on Aug 28, 2016 Content hidden
Title: Re: Rosewood, Inc. earned revenues of $19,000 and incurred expenses of $4,000. The company declared and ... Post by: H3Ko on Oct 12, 2016 YES! Can't believe I got this one right. Appreciate the confirmation
|