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After the first two closing entries, Culmsy Corp. had the following balances in its general ledger: Income Summary 730,200 (debit) 745,850 (credit) Retained Earnings 144,800
After the first two closing entries, Culmsy Corp. had the following balances in its general ledger:
Income Summary | |||
---|---|---|---|
730,200 (debit) | 745,850 (credit) | ||
Retained Earnings | |||
---|---|---|---|
144,800 (credit) | |||
What additional entry will be made as part of the closing process?
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