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The Following Information Is from the Income Statement of the Dirt

Question 210

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 Income Summary includes a: A) credit to Income Summary for $2,450. B) debit to Income Summary for $2,450. C) debit to Retained Earnings for $2,450. D) credit to Common Stock for $2,450. The entry to close the Income Summary includes a:


A) credit to Income Summary for $2,450.
B) debit to Income Summary for $2,450.
C) debit to Retained Earnings for $2,450.
D) credit to Common Stock for $2,450.

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