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Completing the income statement columns and preparing closing entries These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Debit
Completing the income statement columns and preparing closing entries These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Debit Credit 143,000 Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expenseBikes 63,492 9,009 21,021 4,433 27,313 (1) Determine the amount that should be entered on the net income line of the work sheet. Worth 20 Points (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Worth 80 Point You may use the attached document to submit your answers or create an excel spreadsheet
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