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QUESTION 8 At the end of its first year of operation, Dell Corporation has $500,000 of common stock and net income of $100,000. What is

QUESTION 8 At the end of its first year of operation, Dell Corporation has $500,000 of common stock and net income of $100,000. What is the closing entry for net income? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). V I BIUS Paragraph %0 M Arial v 10pt SIT T

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