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The income statement for the year 2021 of Blue Co. contains the following information Revenues Expenses: $71700 After all closing entries have been posted, the

The income statement for the year 2021 of Blue Co. contains the following information Revenues Expenses: $71700 After all closing entries have been posted, the income Summary account will have a balance of $4700 debit. $76400 credit. $0

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