revenue account

collegurl · #1 Oct 19, 2008, 04:06 PM

which of the following ways will properly close a revenue account?

28,000 debit, revenue: 28,000 credit, income summary

28,000 debit; income summary, 28,000 credit, revenue
31,700 debit;income summary, 31,700 credit, revenue
31,700 debit; revenue; 31,700 credit, income summary

please help

ryan2440 · Oct 20, 2008, 08:36 PM

The first one.



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