The Adjusted Balances for Tomas Co

question 14

Multiple Choice

The adjusted balances for Tomas Co. are listed below.
Cash, $20,000
Accounts Receivable, $2,500
Prepaid Insurance, $3,500
Equipment, $15,000
Accumulated Depreciation, $2,000
Accounts Payable, $4,000
J. Tomas, Capital, $30,000
J. Tomas, Drawing, $10,000
Income from Services, $35,000
Wages Expense, $12,000
Rent Expense, $8,000
The entry to close expenses would involve a

• A) debit to Income Summary, $20,000
• B) credit to Income Summary, $20,000
• C) debit to Income Summary, $12,000.
• D) debit to Wages Expense, $12,000, and Rent Expense, $8,000.

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Definitions:

Ear Disorder

Any medical condition affecting the ear's structure or function, impacting hearing or balance.

Cochlear Implant

A surgically implanted electronic device that provides a sense of sound to a person who is profoundly deaf or severely hard of hearing.

Parts

Components or elements that make up a whole system, machine, or assembly.

Cochlear Implant

A medical device that bypasses damaged parts of the inner ear and directly stimulates the auditory nerve, helping individuals with severe to profound hearing loss to perceive sound.