Closing Entries: Commissions Earned 83,000

question 164

Essay

Closing entries:
Commissions Earned 83,000
Income Summary 83,000
To close revenue account.

---

Definitions:

Recall

The process of retrieving information from memory without the aid of cues.

Flashbulb Memories

Detailed and vivid memories of surprising and emotionally significant events that appear to be recorded in the mind like a photograph.

Eidetic Memories

The ability to recall images, sounds, or objects in memory with extreme precision and in seemingly unlimited volume, often referred to as photographic memory.

Photographic Memories

An ability to vividly recall images with high precision for a brief period after seeing them, often referred to as eidetic memory.