Regarding the four-step closing process under the periodic inventory system, ________
A) purchase Returns and Allowances and Purchase Discount accounts are closed with a credit via the Income Summary account
B) Sales Revenue is closed with a credit via the Income Summary account
C) the beginning Merchandise Inventory, Purchases, and Freight In are closed with a debit via the Income Summary account
D) the ending merchandise inventory balance must be recorded as a debit via the Income Summary account
D
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When environmental forces cause an organization to adopt marketing to survive, it is a
a. "pull" strategy b. "push" strategy c. target-audience centered strategy d. market based strategy e. a "functional design" strategy
Actions that a decision maker can compromise with established boundaries are called:
a. Compromising actions b. Negotiated actions c. Discretionary actions d. Stakeholder actions