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Woods, Inc. earned revenues of $ 1 0 , 0 0 0 and incurred expenses of $ 9 , 0 0 0 . The company
Woods, Inc. earned revenues of $ and incurred expenses of $ The company declared and paid cash dividends of $ What is the balance in the Income Summary account after closing net income or loss to the Retained Earnings account?
A credit balance of $
B credit balance of $
C debit balance of $
D balance of $
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