Use the following adjusted trial balance to answer the question(s) below. Which account bypasses the Income Summary account in the closing process?
A) Leroy Allen, Withdrawals
B) Ship Rentals
C) Depreciation Expense-Dock
D) Wages Expense

Question

Use the following adjusted trial balance to answer the question(s) below.  Which account bypasses the Income Summary account in the closing process?
A) Leroy Allen, Withdrawals 
B) Ship Rentals 
C) Depreciation Expense-Dock 
D) Wages Expense

Quizplus · Accepted Answer

The Answer of Use the following adjusted trial balance to answer the question(s) below.  Which account bypasses the Income Summary account in the closing process?
A) Leroy Allen, Withdrawals 
B) Ship Rentals 
C) Depreciation Expense-Dock 
D) Wages Expense

Use the Following Adjusted Trial Balance to Answer the Question(s)