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after all revenue and expense accounts have been closed at the end of the fiscal year, Income summary has a debit of $798,400 and a
after all revenue and expense accounts have been closed at the end of the fiscal year, Income summary has a debit of $798,400 and a credit balance of $1,439,000, and Dividends has a balance of $36,000. A) journalize the entries required to complete the closing of accounts B) Determine the amount of Retained Earnings at the end of the period.
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