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Q3 On December 31, 2020. The closing entry related to the Drawings (Step 4) is: Debit Income Summary for $81,000, and credit Owner's Drawings for
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On December 31, 2020. The closing entry related to the Drawings (Step 4) is: Debit Income Summary for $81,000, and credit Owner's Drawings for $81.000. Debit Owner's Capital for $31.000, and credit Owner's Drawings for $81.000. Depi: Owner's Drawings for $31.000. and credit Owner's Capital for $81.000. NONE of the 2008
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
