Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial...
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Accounting
Ding-a-ling Doorbells is owned by A. Dingdong and sells custom designer doorbells. The partial trial balance at year end is provided below. The second closing entry closes income statement debits to income summary.
REQUIRED: Provide the amount that will be debited or credited to the Income Summary account. (Provide the number only, no dollar sign, comma or extra spaces.)
Ding-a-ling Doorbells
Trial Balance (Partial)
November 30, 2021
$
Unearned Rental Revenue
180
Sales Returns & Allowances
173
Sales
1,477
Repairs Expense
635
Rental Revenue
339
Prepaid Rent Expense
375
Loan Payable
750
Merchandise Inventory
100
Interest Revenue
67
Insurance
90
Furniture
750
Depreciation Expense
35
Cost of Good Sold
470
Bank
2,130
Accumulated Depreciation 70
Accounts Receivable 150
Accounts Payable 260
A. Dingdong, Drawings 49
A. Dingdong, Capital 2,080
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