Answer 1 of 10: I have been searching for apartments and hotels in Barcelona and they all seem to have double or twin beds. Are there any queen or king size beds to be found? It seems to me the largest beds are doubles. Thanks for any info.
Correct Answer: To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period. â¢ Question 8 0.5 out of 0.5 points Which type of account is always credited during the closing process? Answer Selected Answer: Expense. Correct Answer: Expense.
1 This will reduce the balance in income summary account. 2  Income summary account is debited and retained earnings account is credited for the an amount equal to the excess of service revenue over total expenses i.e. the net balance in income summary account after posting the first two closing entries.losing entries are journal entries made at the end of an accounting period which transfer the balances of temporary accounts to permanent accounts. Closing entries are based on the account balances in an adjusted trial balance. Temporary accounts include: 1  Revenue, Income and Gain Accounts. 2  Expense and Loss Accounts.