Write the third closing entry to transfer the net income or net loss to the P. Hernandez,

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Write the third closing entry to transfer the net income or net loss to the P. Hernandez, Capital account, assuming the following:

a. A net income of $ 3,842 during the first quarter (Jan.– Mar.)

b. A net loss of $ 1,781 during the second quarter (Apr.– Jun.)

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:15 AM

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Write the third closing entry to transfer the net income or net loss to the P. Hernandez,

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