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ment Exercises (20 points) Savel Use Reminders Help Save & Exit Submit Exercise 4-6 Completing the income statement columns and preparing closing entries LO
ment Exercises (20 points) Savel Use Reminders Help Save & Exit Submit Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company Account Title Debit Credit Rent earned Salaries expense 100,000 44,400 Insurance expense 6,300 office supplies expense 14,700 Bike repair expense 3,100 Depreciation expense-Bikes 19,100 (1) Determine the amount that should be entered on the net income line of the work sheet. (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount that should be entered on the net income line of the work sheet. Check my work
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