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These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Account Title Rent earned Salaries expense Debit Credit 137,000
These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Account Title Rent earned Salaries expense Debit Credit 137,000 60,828 Insurance expense 8,631 Office supplies expense 20,139 Bike repair expense Depreciation expense-Bikes 4,247 26,167 (1) Determine the amount that should be entered on the net income line of the work sheet. (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount that should be entered on the net income line of the work sheet. Required 1 Required 2 >
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