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Freddy, Inc. shows the following income statement for the year ended December 31,2020 : Based on this information, the entry to close Revenues will include
Freddy, Inc. shows the following income statement for the year ended December 31,2020 : Based on this information, the entry to close Revenues will include a: a. Credit to Sales Revenue for $310,000 b. Debit to Rent Revenue for $300,000 c. Credit to Sales Revenue for $520,000 d. Debit to Sales Revenue for $300,000
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