The trial work sheet balance amounts for West Side Cleaners is
given below. Use the information to indicate whether each account
requires a closing entry.
Income Summary ___
a. Requires a closing entry
b. DOES NOT require a closing entry
To determine whether each account requires a closing entry, we need to identify whether the account balance is temporary or permanent. Temporary accounts are those related to revenues, expenses, and withdrawals, while permanent accounts are those related to assets, liabilities, and equity.
Based on the information provided, we cannot determine whether the accounts require a closing entry or not. We need additional information about the account types and the nature of the balances. Please provide more information or clarify the account types so that we can accurately determine whether each account requires a closing entry or not.