menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 5: Merchandising Operations
  5. Question
    The Sales Revenue,Delivery Expense,and Sales Discounts Forfeited Accounts Will Be
Solved

The Sales Revenue,Delivery Expense,and Sales Discounts Forfeited Accounts Will Be

Question 250

Question 250

Multiple Choice

The Sales Revenue,Delivery Expense,and Sales Discounts Forfeited accounts will be closed via the ________ account.


A) Income Summary
B) Owner, Capital
C) Owner, Withdrawals
D) Cost of Goods Sold

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q245: Robin Company uses a periodic inventory

Q246: A company purchased inventory for $2,000 from

Q247: In a periodic inventory system,the Cost of

Q248: The following information relates to Sports

Q249: Which of the following is an account

Q251: When recording the sale of merchandise inventory,using

Q252: Dublin Company uses the periodic inventory

Q253: A merchandiser has sales discounts forfeited of

Q254: Which of the following statements is NOT

Q255: A merchandiser adjusts and closes accounts differently

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines