If a company sold $1,000 worth of goods in a period, the closing entry for the revenue accounts would show a

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 5 of 20
If a company sold $1,000 worth of goods in a period, the closing entry for the
revenue accounts would show a
A. $1,000 credit to Sales Expense
B. $1,000 debit to Income Summary
C. $1,000 debit to Sales Revenue
D. $1,000 credit to Sales Revenue
SUBMIT
E PREVIOUS
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Transcribed Image Text:Question 5 of 20 If a company sold $1,000 worth of goods in a period, the closing entry for the revenue accounts would show a A. $1,000 credit to Sales Expense B. $1,000 debit to Income Summary C. $1,000 debit to Sales Revenue D. $1,000 credit to Sales Revenue SUBMIT E PREVIOUS acer
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