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AA 4-1 Company Analysis LO C1, P2 Refer to Apple's financial statements in Appendix A to answer the following. Required 1. For the fiscal year
AA 4-1 Company Analysis LO C1, P2 Refer to Apple's financial statements in Appendix A to answer the following. Required 1. For the fiscal year ended September 30, 2017, what amount is credited to Income Summary to sum 2. For the fiscal year ended September 30, 2017, what amount is debited to Income Summary to summarize its expenses incurred? 3. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? 1. 2. 3. Amount credited to income summary Amount debited to income summary Balance in income summary account AA 4-1 Company Analysis LO C1, P2 Refer to Apple's financial statements in Appendix A to answer the following. Required 1. For the fiscal year ended September 30, 2017, what amount is credited to Income Summary to sum 2. For the fiscal year ended September 30, 2017, what amount is debited to Income Summary to summarize its expenses incurred? 3. For the fiscal year ended September 30, 2017, what is the balance of its Income Summary account before it is closed? 1. 2. 3. Amount credited to income summary Amount debited to income summary Balance in income summary account
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