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The following information is from the Income Statement of Waterway Laundry Service: Revenues Service Revenue $8060 Expenses Salaries and wages expense $3040 Advertising expense 620
The following information is from the Income Statement of Waterway Laundry Service: Revenues Service Revenue $8060 Expenses Salaries and wages expense $3040 Advertising expense 620 Rent expense 370 Supplies expense 250 Insurance expense 120 Total expenses 4400 Net Income $3660 The entry to close the Service Revenue account includes a
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