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2. From the given extracts of the adjusted trial balance as on Dec 31, 2017. Prepare closing entries for a. Drawing account b. Income summary

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2. From the given extracts of the adjusted trial balance as on Dec 31, 2017. Prepare closing entries for a. Drawing account b. Income summary Revenue = 40,000 ; Expense = 28,000 ; Owner's drawings = 5,000 Owner's capital = 180,000 Date of the transaction Account title and explanation Dr. Cr

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