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Woods, Inc, earned revenues of $10,000 and incurred expenses of $9,000. The compary declared and paid cash dividends of $1,500. What is the balance in

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Woods, Inc, earned revenues of $10,000 and incurred expenses of $9,000. The compary declared and paid cash dividends of $1,500. What is the balance in the Income Summary account after closing net income or loss to the Retained Earnings account? A. credit balance of $9,000 B. debit balance of $10,000 C. balance of $0 D. credit balance of $1,000

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