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D Question 15 8 pts Woods Company earned revenues of $12,000 and incurred expenses of $9,500. The owner, Woods, withdrew $3,000. What is the
D Question 15 8 pts Woods Company earned revenues of $12,000 and incurred expenses of $9,500. The owner, Woods, withdrew $3,000. What is the balance in the Income Summary account after closing net income or loss to the Woods, Capital account? debit balance of $12,000 balance of $0 credit balance of $2,500 O credit balance of $9,500
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