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The Income Statement for the Month of June, 2014 of Taylor

Question 96

Multiple Choice

The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: The entry to close the revenue account includes a A) debit to Income Summary for ₤3,900. B) credit to Income Summary for ₤3,900. C) debit to Income Summary for ₤8,000. D) credit to Income Summary for ₤8,000. The entry to close the revenue account includes a


A) debit to Income Summary for ₤3,900.
B) credit to Income Summary for ₤3,900.
C) debit to Income Summary for ₤8,000.
D) credit to Income Summary for ₤8,000.

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