The Following Information Is from the Income Statement of the Campus

question 156

Multiple Choice

The following information is from the Income Statement of the Campus Laundry Service: The entry to close the Service Revenue account includes a:

• A)debit to Service Revenue for $6,500.
• B)credit to Service Revenue for $6,500.
• C)debit to Income Summary for $6,500.
• D)debit to Retained Earnings for $6,500.

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Definitions:

Burden of Proof

The obligation to present evidence to support one's claim or defense in a legal proceeding.

Illegal Discharge

The unauthorized release or spilling of pollutants into the environment, violating legal regulations.

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, and national origin.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.