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The entries to close the revenue and expense accounts for Jefferson Company are shown below. The next closing entry in the closing process would include:
The entries to close the revenue and expense accounts for Jefferson Company are shown below. The next closing entry in the closing process would include: (Check all that apply.) Account Service Fees Debit Credit 20,000 Income Summary 20,000 (Close revenue accounts.) Income Summary 22,900 Rent Expense 22,900 (Close expense accounts.) Check all that apply. A debit to the Capital account for $2,900. Credit to Net Income $20,000. A credit to the Capital account for $2,900. A debit to Income Summary for $2,900. A credit to Income Summary for $2,900. Debit to Net Income for $2,900. Debit to Service Fees for $20.000. Do you know the answer I know Thinks No Idee
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