Use the Following Worksheet to Answer the Following Questions

question 68

Multiple Choice

Use the following worksheet to answer the following questions. Based on the preceding trial balance, the entry to close income summary would be:

• A) debit C. Finley, Capital $50,000; credit Income Summary $50,000
• B) debit Income Summary $155,000; credit C. Finley, Capital $155,000
• C) debit Income Summary $50,000, credit C. Finley, Capital $50,000
• D) debit C. Finley, Capital $9,000; credit Income Summary $9,000

---

Definitions:

SES Household

Stands for Socioeconomic Status household, indicating a family or living situation characterized by social, economic, and educational dimensions.

Memory Enhancing Drug

Any pharmacological substance that claims or has been proven to improve memory function, recall abilities, or other aspects of cognitive processing.

Chess Pieces

The movable objects placed on a chessboard which are used to play the game of chess, each having specific movements.

Randomly

In a way that lacks any predictable order or plan, often used in the context of selecting samples or assigning participants in experiments.