The Income Summary Account Shows Debits of $18,500 and Credits

question 9

Multiple Choice

The Income Summary account shows debits of $18,500 and credits of $11,275. This results in a

• A) net income of $29,775.
• B) net loss of $29,775.
• C) net income of $7,225.
• D) net loss of $7,225.

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Definitions:

Water and Minerals

Essential components for biological organisms, facilitating metabolic processes and structural functions.

Companion Cells

Plant cells that are intimately associated with sieve tube elements in the phloem and help in the transport of substances essential for the plant's metabolism.

Phloem

The vascular tissue in plants responsible for transporting sugars, proteins, and other solutes throughout the plant.

Collenchyma

A type of plant tissue composed of elongated cells with thickened cell walls that provide structure and support, especially in areas of new growth.