Revenues Total $10,200.Expenses Total $7,300.Withdrawals Total $2,600

question 47

Multiple Choice

Revenues total $10,200.Expenses total $7,300.Withdrawals total $2,600.
-What is the balance in the Income summary account prior to closing Net income or loss to the Capital account?

• A) Credit balance of $300
• B) Debit balance of $2,900
• C) Credit balance of $2,900
• D) Balance of $0

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Definitions:

Communication Error

A failure in the process of exchanging information, leading to misunderstandings or the transmission of incorrect information between parties.

Decoding

The process of interpreting and understanding the meaning of a message received in communication.

Communication Process

The series of steps through which information is conveyed between sender and receiver.

Symbols

Visual or textual signs used to represent ideas, objects, or relationships in various contexts.