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Business, 01.11.2019 03:31 blakeolson0800

Woods, inc. earned revenues of $ 19 comma 000$19,000 and incurred expenses of $ 8 comma 000$8,000. the company declared and paid cash dividends of $ 3 comma 500$3,500. what is the balance in the income summary account after closing net income or loss to the retained earnings account? a. credit balance of $ 8 comma 000$8,000b. balance of $0c. credit balance of $ 11 comma 000$11,000d. debit balance of $ 19 comma 000

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Woods, inc. earned revenues of $ 19 comma 000$19,000 and incurred expenses of $ 8 comma 000$8,000. t...
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