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Weygandt, Financial Accounting, 10e Help I System Announcements PRINTER VERSION BACK E Brief Exercise 5-7 art 2 Your answer is partially correct. Try again Blue

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Weygandt, Financial Accounting, 10e Help I System Announcements PRINTER VERSION BACK E Brief Exercise 5-7 art 2 Your answer is partially correct. Try again Blue Spruce Corp. has the following account balances: Sales Revenue $226,300, Sales Discounts $2,310, Cost of Goods Sold $141,800, and Inventory $53,800. Prepare the entries to record the closing of these itens to Income Summary. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) -6 (Part Account Titles and Explanation Debit Credit Inventory re ults by ctive Cost of Goods Sold (To dose accounts with credit balances) Accounts Receivable (To close accounts with debst balances) pe here to search

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