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    dcolley1's Avatar
    dcolley1 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 10, 2011, 08:50 AM
    Accounting questions
    After posting the second closing entry to the income summary account, the balance will be equal to:

    a) zero
    b) retained earnings
    c) revenue for the period
    c) the net income or (loss) for the period
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Nov 10, 2011, 01:14 PM
    Zero
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