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emily8694 emily8694
wrote...
Posts: 332
5 years ago
The Income Summary account has a credit balance of $29,000 after the revenue and expense accounts have been closed. Which of the following is to be credited to close the Income Summary account?
A) Dividends
B) Sales Revenue
C) Cost of Goods Sold
D) Owner, Capital
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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