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During 2019 total revenues 120000 and total expenses 80000 and total dividends 10000, income summary account will be closed as? a. Debit 30000. b. Debit

During 2019 total revenues 120000 and total expenses 80000 and total dividends 10000, income summary account will be closed as?

Debit 30000.

Debit 40000.

Debit 30000.

Credit 40000.

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