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majestico majestico
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Posts: 1455
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7 years ago
The balance in the J. Higgins, Withdrawals account was $3,000. The entry to close the account would include a:
A) debit to J. Higgins, Withdrawals, $3,000.
B) debit to Income Summary, $3,000.
C) debit to J. Higgins, Capital, $3,000.
D) credit to Income Summary, $3,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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1 Reply
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AugustisAugustis
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7 years ago
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majestico Author
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7 years ago
You make an excellent tutor!
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Brilliant
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2 hours ago
Smart ... Thanks!
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