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500 Dr. Income Summary Cr. Retained Earnings 500 This journal entry is most likey: Select one: o either an adjusting journal entry or a closing

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500 Dr. Income Summary Cr. Retained Earnings 500 This journal entry is most likey: Select one: o either an adjusting journal entry or a closing journal entry o either a transaction journal entry or an adjusting journal entry o either a transaction journal entry or a closing journal entry O an adjusting journal entry O a transaction journal entry O not a journal entry that would ever be made O a closing journal entry

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