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Evan Roberts Owns a Business, Shores Sports, That Rents Canoes

Question 38

Multiple Choice

Evan Roberts owns a business, Shores Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31.​ Evan Roberts owns a business, Shores Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31.​ The entry required to close the revenue and expense accounts at the end of the period includes a A) debit for $37,000 B) credit for $38,300 C) debit for $38,200 D) credit for $37,000 The entry required to close the revenue and expense accounts at the end of the period includes a


A) debit for $37,000
B) credit for $38,300
C) debit for $38,200
D) credit for $37,000

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