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H3Ko H3Ko
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Posts: 4891
5 years ago
James Service Company earned revenues of $100,000 and incurred expenses of $107,000.  Prepare the entry to close the Income Summary account.
Textbook 

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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5 years ago
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More questions for this book are available here
Retained Earnings   7,000   
   Income Summary      7,000
Rutledgeb

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