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Richardson Company had the following adjusted trial balance: Account Titles Debit Cred Cash 15,190 Accounts Receivable 9,940 Supplies 6,270 Eouloment 42,900 Accumulated Depreciation 9,600 Accourts
Richardson Company had the following adjusted trial balance: Account Titles Debit Cred Cash 15,190 Accounts Receivable 9,940 Supplies 6,270 Eouloment 42,900 Accumulated Depreciation 9,600 Accourts Pivable 3,490 Defected Ret Ret 1,640 Caotel Stock 22,300 Retained Eniou 20,700 Cvidends 15,300 Common Revenue 44,970 Revenue 7,100 Decreciation Exe 5,600 Us Expense 9,200 Supplies Expense 5,400 TOON 109,500 109,500 4 Required: Prepare the third closing entry to close the Income Summary account to the Retained Earnings account, given that net income for the period $31,870 Date Account Title Dec 31 Debit Credit G
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