Problem

 SUNDIAL Inc.Trial BalanceDecember 31 DebitCreditCash $   16 Accounts Receivable 26 Equipm...

 

SUNDIAL Inc.

Trial Balance

December 31

 

Debit

Credit

Cash 

$   16

 

Accounts Receivable 

26

 

Equipment 

191

 

Accounts Payable 

 

$  21

Capital Stock 

 

106

Retained Earnings 

 

56

Dividends 

11

 

Service Revenue 

 

189

Salaries Expense 

86

 

Depreciation 

26

 

Supplies Expense 

    16

____

 

$372

$372

Which accounts are closed to Income Summary?

a All accounts.

b Revenue and expenses.

c Revenue, expenses, and dividends.

d All accounts that are not nominal.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search
Solutions For Problems in Chapter 5