on December 31 the income summary account of Madison Company has a deb


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on December 31 the income summary account of Madison Company has a debit balance of $28000 after revenue of $30000 and expenses of 58000 was closed to the account

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on December 31 the income summary account of Madison Company has a debit balance of $28000 after revenue of $30000 and expenses of 58000 was closed to the account Madison Wells Drawing has a debit balance of $3100 and Madison ells Capital has a credit balance of $49000 record the journal entries necessary to complete the closing accounts What ids the balance of Madison Wells Capital

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