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The Following Information Is from the Income Statement of the Campus

Question 156

Multiple Choice

The following information is from the Income Statement of the Campus Laundry Service: The following information is from the Income Statement of the Campus Laundry Service: The entry to close the Service Revenue account includes a: A) debit to Service Revenue for $6,500. B) credit to Service Revenue for $6,500. C) debit to Income Summary for $6,500. D) debit to Retained Earnings for $6,500. The entry to close the Service Revenue account includes a:


A) debit to Service Revenue for $6,500.
B) credit to Service Revenue for $6,500.
C) debit to Income Summary for $6,500.
D) debit to Retained Earnings for $6,500.

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