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    collegurl's Avatar
    collegurl Posts: 1, Reputation: 1
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    #1

    Oct 19, 2008, 04:06 PM
    Revenue account
    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's Avatar
    ryan2440 Posts: 13, Reputation: 1
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    #2

    Oct 20, 2008, 08:36 PM

    The first one.
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