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Collowing are income Statement columns from a 10-column work sheet for Brown's Bike Rental Company. (1) Determine the amount that should be entered on the
Collowing are income Statement columns from a 10-column work sheet for Brown's Bike Rental Company. (1) Determine the amount that should be entered on the net income line of the work sheet. (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Complete this question by entering your answers in the tabs below. Determine the amount that should be entered on the net income line of the work sheet. Journal entry worksheet Record the entry to close incorne summary account. Note: Enter debits before credits. Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Journal entry worksheet Record the entry to close expense accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits
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