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The accountant of John's Roofing has closed all of the temporary income statement accounts. The accountant is now ready to close the Income Summary account.
The accountant of John's Roofing has closed all of the temporary income statement accounts. The accountant is now ready to close the Income Summary account. The owner of the company is J. Lee. Using the Income Summary T-account below, determine the correct closing entry the accountant needs to make in order to close the account. Multiple Choice
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