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Problem #5 Analysis of the Income Summary Account The following is the income summary account of Rosemarie Espaol Services on Dec. 31, 2018, after all

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Problem #5 Analysis of the Income Summary Account The following is the income summary account of Rosemarie Espaol Services on Dec. 31, 2018, after all revenue and expenses have been closed to the account. Income Summary 197,000 190,000 Required: What do the figures in the account represent? What is the profit or loss? Close the income summary account. 1. 2. 3

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