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Account Service Revenue Rental Revenue Wages Expense Utilities Expense Owner's Withdrawals Deblt Credit $500 $100...

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Accounting

Account Service Revenue Rental Revenue Wages Expense Utilities Expense Owner's Withdrawals Deblt Credit $500 $100 $80 $4,000 $2,000 Demonstrate the fourth closing journal entry to close the Withdrawals account by selecting the correct answer below. O Debit Owner's Capital $80; Credit Owner's Withdrawals $80 O Debit Owner's Withdrawals $80; Credit Owner's Capital $80 O Debit Income Summary $80; Credit Owner's Withdrawals $80 O Debit Owner's Withdrawals $80; Credit Income Summary $80
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Demonstrate the fourth closing journal entry to close the Withdrawals account by selecting the correct answer below. Debit Owner's Capital \$80; Credit Owner's Withdrawals $80 Debit Owner's Withdrawals $80; Credit Owner's Capital $80 Debit income Summary $80; Credit Owner's Withdrawals $80 Debit Owner's Withdrawals $80; Credit Income Summary $80

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