Summers Sign Company provided its adjusted trial balance as of January 31, 2024. To determine the net income or loss for the year, the revenues account must be closed by making a journal entry. Closing the revenues account involves transferring the balance to an income or loss account, which will show whether there was a net income or net loss for the year ended January 31.

1. Summers Sign Company Adjusted Trial Balance January 31,2024 The adjuated triat balance of
Summers Sign Company followi: HIll (Click the icun to view the adjuated vial balance)
Requirementa 1. Assurne Summers sign Company has a danuary at yeac-end. Joumalion
Summers' olosing entrios at Jancary 31. 2. How much net incono or net loss did Summers Sign
Company eam for the year onded January 317 How can you bai?? In of the foumai intry table)
Fint, elose revendes.