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asap The total of the credit column on an adjusted trial balance was $30,000, which included a credit amount of $1,000 for accumulated depreciation. The
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The total of the credit column on an adjusted trial balance was $30,000, which included a credit amount of $1,000 for accumulated depreciation. The total of the credit column on the post-closing trial balance was $20,000. If owner's drawings were $500, what was the amount of expenses closed to the Income Summary account? $9,500 $10,000 $10,500 58,500Step by Step Solution
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