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8 Balser, Inc. has the following account balances as of July 31, 20 Y1. What is the net income for the month ending July 31,

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Balser, Inc. has the following account balances as of July 31, 20 Y1. What is the net income for the month ending July 31, 20 Y 1 for Balser, Inc.? $16,500 $20,000 $17.500 $15,800 Determine the type of entry for the journal entry below. Adjusting entry Closing entry Regular business transaction

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