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Highlight and describe the differences between the Income Summary and Income Statement. Guidelines 1.Highlight what an Income Summary account is and what an Income Statement

Highlight and describe the differences between the Income Summary and Income Statement. Guidelines 1.Highlight what an Income Summary account is and what an Income Statement is. 2.Highlight the purpose of preparing an Income Summary and an Income Statement. 3.Highlight the effects of the T account. 4.The description should not exceed fifty words

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