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Suppose a company made the following journal entry to close its revenue accounts Jun 30 Income Summary 57.000 Service Revenue Other Revenue 55,000 -2.000 To

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Suppose a company made the following journal entry to close its revenue accounts Jun 30 Income Summary 57.000 Service Revenue Other Revenue 55,000 -2.000 To close the revenue accounts Make the single journal entry to correct this error, then show the alternative way to correct. Provide an explanation for each journal entry Let's start with the single entry approach (Record debits first, then credits. Select the explanation on the last line of the journal entry table Journal Entry Debit Accounts and Explanations Credit Date Jun 30

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