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A company has net sales of S480,000 cost of goods sold of $315,000; and operating expenses of $114 000 They also have rent revenue of

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A company has net sales of S480,000 cost of goods sold of $315,000; and operating expenses of $114 000 They also have rent revenue of $20,000 and interest expense of $9,000. What would be the balance in their Income Summary account immediately before it is closed to the owner's capital account? $62.000 debit $51.000 credit $62,000 credit $51,000 debit

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