Business, 08.10.2019 22:00, groverparham3

If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income summary prior to closing? a. it will have a credit balance of $50,000. b. it will have a debit balance of $50,000. c. it will have a debit balance of $100,000. d. it will have a credit balance of $100,000.

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If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of incom...