Income Summary Has a Credit Balance of $19000 in B

question 160

Multiple Choice

Income Summary has a credit balance of $19000 in B. Browne Co. after closing revenues and expenses. The entry to close Income Summary is

• A) credit Income Summary $19000 debit Owner's Capital $19000.
• B) credit Income Summary $19000 debit Owner's Drawings $19000.
• C) debit Income Summary $19000 credit Owner's Drawings $19000.
• D) debit Income Summary $19000 credit Owner's Capital $19000.

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Definitions:

Mucus

A thick, slippery substance produced by glands in the lining of the body's passageways, such as the respiratory, digestive, and reproductive tracts, serving as a protective lubricant.

Distal Airways

The segments of the respiratory system that are furthest from the mouth, including the smaller bronchioles and alveoli, crucial for gas exchange.

Central Airways

The major air passages leading from the trachea to the lungs, facilitating the movement of air in and out of the lungs.

Pleural Effusion

The accumulation of excess fluid between the layers of the pleura outside the lungs.