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The Income Summary account shows debits of $17,000 and credits of $12,000. This results in a Question 7 options: A) net loss of $5,000. B)
The Income Summary account shows debits of $17,000 and credits of $12,000. This results in a Question 7 options: A) net loss of $5,000. B) net loss of $29,000. C) net income of $29,000. D) net income of $5,000
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