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The first two closing entries to the Income Summary account indicate a debit of $53,500 and a credit of $64,600. The third closing entry would

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The first two closing entries to the Income Summary account indicate a debit of $53,500 and a credit of $64,600. The third closing entry would be: Multiple Choice debit Income Summary $11,100; credit Capital $11100. debit Revenue $64,600, credit Expenses $53,500 debit Income Summary $11,100; credit Drawing $1100 debit Capital $1100; credit Income Summary $11100

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