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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 …

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 …
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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

User StrongJoshua
by
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2 Answers

4 votes

Answer:$1,000 debit to sales revenue

Step-by-step explanation:

User Alextes
by
7.2k points
2 votes

Answer:

Explanation:C. $1,000 debit to sales revenue

User Stojevskimilan
by
8.0k points
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