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The June income statement for Ramirez Enterprises contains the accounts Revenues $7,000, Wages Expense $2,000, Rent Expense $1,000, Supplies Expense $300, Advertising Expense $200, Insurance

The June income statement for Ramirez Enterprises contains the accounts Revenues $7,000, Wages Expense $2,000, Rent Expense $1,000, Supplies Expense $300, Advertising Expense $200, Insurance Expense $100. After the revenue and expense accounts have been closed, the balance in Income Summary will be

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