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If the following balances are exist in the adjusted trial balance:Service revenues $ 35,000Interest exper 10,000Salaries Expense $ 30,000 Rent Revenues $4,000Depreciation Expense $
If the following balances are exist in the adjusted trial balance:Service revenues $ 35,000Interest exper 10,000Salaries Expense $ 30,000 Rent Revenues $4,000Depreciation Expense $ 7,000Drawings $ 3,000 entry for the Income summary would include: a. Income summary account should be Debited (Dr.) by $ 8,000. b. Capital account should be Debited (Dr.) by $ 8,000. O c. Capital account should be Credited (Cr.) by $ 11,000. Od. Income summary account should be Credited (Cr.) by $ 11,000. Clear my choice
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