Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Does income summary get adjusted in journal and does it go to income statement?
[ 2 Answers ]
I think the title speaks for itself. I'm doing a class project and it's the end of the year. Additional information is given for January 1st, however the financial statements will be effective as of December 31st. There's an income summary with a debit balance of 22,300 and credit balance of...
Income Summary
[ 1 Answers ]
I am having difficulty calculating closing entries. Could you explain in easy to understand terms how to calculate both dr. and cr. For income summary and then totals.
Where do you put the income summary on a income statement
[ 1 Answers ]
I am working on a project for school and I am at a lose on where to put my income summary. My choices are either under cost of goods sold, selling expense, or Gereral and administrative expenses. Can someone please help?? :confused:
Income summary
[ 1 Answers ]
The income summary account is an important account that is used
Does the Income Summary Balance go to Income Statement
[ 3 Answers ]
I am doing a 10 column worksheet and I have a credit $ amount in the Income Summary account in the Adjusted Trial Balance. Do I move that to the Income Statement or the Balance Sheet section of the worksheet? View more questions Search
|