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19 Para Westmont the proprietor of Titoe Shoes, had annual revenues of $188,000, expenses or $105,200, and withdrew $19,200 from the business during the current

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19 Para Westmont the proprietor of Titoe Shoes, had annual revenues of $188,000, expenses or $105,200, and withdrew $19,200 from the business during the current year The owner's capital account before closing had a balance of $300,000. The Net Income for the year is: NO Muito o 8 EO 00:56:06 Multiple Choice O $188,000 O $82,800 O $63,600 O $382,800 O $363,600 For the year ended December 31 a company had services revenue of $205,000 and wages expense of $123,000. The owner withdrew $41,000 20 during the year which of the following entries could not be a closing entry? Muito Choice 00:55:59 Multiple Choice O Debit Services Revenue $205,000; credit Income Summary $205,000. O Debit Income Summary $82,000; credit Owner's, Capital $82,000. O Debit Income Summary $123,000, credit Wages Expense $123,000. Debit Income Summary $205,000; credit Services Revenue $205,000. Debit Owner'e

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