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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
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 $ 150,000 51,500 250,000 16,250 95,000 4,600 15,600 32,500
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