The following information is available for Brendon Company before closing the accounts. What will be the amount
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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 closed to Brendon, Capital?
| J. Brendon, Capital | $ 123,000 |
|---|---|
| J. Brendon, Withdrawals | 38,000 |
| Services revenue | 205,000 |
| Depreciation ExpenseEquipment | 13,325 |
| Wages expense | 77,900 |
| Interest expense | 3,700 |
| Insurance expense | 12,900 |
| Rent expense | 26,650 |
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