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The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be
The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained earnings? Retained earnings Dividends Services revenue Depreciation Expense-Equipment Wages expense Interest expense Insurance expense Rent expense $ 153,000 53,000 255,000 16,575 96,900 4,700 15,900 33,150 Multiple Choice $51,350 $49,000
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