Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 64

Refer to Apple 's financial statements in Appendix A to answer the following.
1. For the fiscal year ended September 28, 2013, what amount is credited to Income Summary to summarize its revenues earned
2. For the fiscal year ended September 28, 2013, what amount is debited to Income Summary to summarize its expenses incurred
3. For the fiscal year ended September 28, 2013, what is the balance of its Income Summary account before it is closed
Fast Forward
4. Access Apple's annual report (10-K) for fiscal years ending after September 28, 2013, at its website ( Apple.com ) or the SEC's EDGAR database ( www.SEC.gov ). How has the amount of net income closed to Income Summary changed in the fiscal years ending after September 28, 2013
Reference: Apple 's financial statements in Appendix A