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The income statement for the year 2021 of Fugazi Ca. contains the following information: After the revenue and expense accounts have been closed, the balance

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The income statement for the year 2021 of Fugazi Ca. contains the following information: After the revenue and expense accounts have been closed, the balance in Income Summary will be $0. a debit balance of $7500. a credit balance of $7500. a credit balance of $70000

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