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$1.00 accounting

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mika23
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M. Smuts showed a net income of $7,500. The entry to close the Income Summary account would include a:

 

 

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  • Posted on Oct 19, 2009 at 3:25:54PM
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Astrid
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Preview: ... a: Debit to Income Summary and a credit to Retained ...
The full tutorial is about 86 words long .