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Last year Banji LLC earned net income of $76,000. Michael, the owner, also took out drawings of $23,000 last year. Prepare the entries to close

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Last year Banji LLC earned net income of $76,000. Michael, the owner, also took out drawings of $23,000 last year. Prepare the entries to close (a) Income Summary and (b) the Owner's Drawings account. TT T Anal 3(12pt) T. Word

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