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A merchandising company using a perpetual inventory system had $790,000 in net sales, $780,000 in operating expenses; and $11,000 in interest expense. If they closed

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A merchandising company using a perpetual inventory system had $790,000 in net sales, $780,000 in operating expenses; and $11,000 in interest expense. If they closed out their Income Summary account with a $1,000 credit, what was the amount of owner's drawings? O cannot be determined with the information provided O $1,000 O $11,000 O $10,000

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