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The Following Information Is from the Income Statement of the Dirt

Question 302

Multiple Choice

The following information is from the Income Statement of the Dirt Poor Laundry Service: The following information is from the Income Statement of the Dirt Poor Laundry Service: The entry to close the Service Revenue account includes a: A) debit to Service Revenue for $5,500. B) credit to Service Revenue for $5,500. C) debit to Income Summary for $5,500. D) debit to Retained Earnings for $5,500. The entry to close the Service Revenue account includes a:


A) debit to Service Revenue for $5,500.
B) credit to Service Revenue for $5,500.
C) debit to Income Summary for $5,500.
D) debit to Retained Earnings for $5,500.

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