If Income Summary Has a Credit Balance After Revenues and Expenses

question 159

Multiple Choice

If Income Summary has a credit balance after revenues and expenses have been closed into it the closing entry for Income Summary will include a

• A) debit to the owner's capital account.
• B) debit to the owner's drawings account.
• C) credit to the owner's capital account.
• D) credit to the owner's drawings account.

---

Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a reflexive response without the need for prior learning.

Loud Alarm

A sound-producing device designed to alert or warn individuals of a specific condition or danger.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning or learning.

Food

A sustenance that individuals or creatures consume or imbibe to support existence and promote growth.