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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 $757,600 and a
After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $757,600 and a credit of $951,400. At the same date, Debra Allen, Capital has a credit balance of $1,462,000, and Debra Allen, Drawing has a balance of $39,000. Create a journal for closing entires: (4 spaces for the journal)
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