Martinville company earned revenues of 20000 and incurred expenses of 40000 martinville withdrew 3500 for personal use.
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Question:
Martinville company earned revenues of 20000 and incurred expenses of 40000 martinville withdrew 3500 for personal use. What is the balance in the income summary account prior to closing net income or loss to the martinville, capitol account
debit balance of 16000
debit balance of 12500
credit balance of 16000
credit balance of 20000
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