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1 2 ) High Step Shoes had annual revenues of $ 2 0 4 , 0 0 0 , ~penses of $ 1 1 3
High Step Shoes had annual revenues of $ ~penses of $ and dividends of$ during the current year. The retained earnii;igs account before closing hag a balanceof $ Imo The entry to close the Income Summary account at the end of the year, afterrevenue and expense accounts have been closed, is:WDebit Retained Earnings $; credit Income Summary $BDebit Retained Earnings $; credit Income Summary $ CDebit Income Summary $; credit Retained Earnings $DDebit Income Summary $; credit Retained Earnings $EDebit Retained Earnings $; credit Income Summary $
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