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On December 31, the Income Summary account has a debit balance of $111000 after revenue of $117000 and expenses of $228000 were closed to the
On December 31, the Income Summary account has a debit balance of $111000 after revenue of $117000 and expenses of $228000 were closed to the account.Drawing has a debit balance of $12000 and , Capital has a credit balance of $174000
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