Rosewood Earned Revenues of $19,000 and Incurred Expenses of $4,500

question 1

Multiple Choice

Rosewood earned revenues of $19,000 and incurred expenses of $4,500.The owner made withdrawals of $2,500.What is the balance in the Income Summary account after closing net income or loss to the Owner,Capital account?

• A)debit balance of $19,000
• B)credit balance of $4,500
• C)credit balance of $14,500
• D)balance of $0

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Definitions:

McBurney Point

A point over the right side of the abdomen that is one-third of the distance from the anterior superior iliac spine to the umbilicus. This area is commonly tender in cases of acute appendicitis.

Rebound Tenderness

A clinical sign indicating irritation or inflammation of the peritoneum, where pain increases upon removal of pressure rather than when pressure is applied.

Tracheoesophageal Fistula

An abnormal connection between the trachea and the esophagus, which can lead to swallowing difficulties and respiratory problems.

Suctioning

A procedure used to remove bodily secretions from the airway by applying negative pressure through a tube.