The Income Statement for the Year 2011 of Poole Co

question 7

Multiple Choice

The income statement for the year 2011 of Poole Co.contains the following information:
$\begin{array}{lr}\text { Revenues }&&\$70,000\\\text { Expenses: }\\\text { Wages Expense } & \$ 45,000 \\\text { Rent Expense } & 12,000 \\\text { Advertising Expense } & 6,000 \\\text { Supplies Expense } & 6,000 \\\text { Utilities Expense } & 2,500 \\\text { Insurance Expense } & 2,000\\\text { Total expenses }&&73,500\\\text { Net income (loss) }&&\$(3,500) \end{array}$
After all closing entries have been posted, the Income Summary account will have a balance of

• A)$0.
• B)$3,500 debit.
• C)$3,500 credit.
• D)$36,500 credit.

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A sexually transmitted infection (STI) caused by the herpes simplex virus (HSV), leading to genital sores and discomfort.

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The skin's ability to stretch and return to its original shape, a property that decreases with age, leading to wrinkles and sagging skin.

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The process of the skin aging or becoming damaged over time due to various factors including sun exposure, lifestyle, and genetics.

Skin Elasticity

A characteristic of the skin that allows it to stretch and return to its original shape, indicating its health and youthfulness.