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Record the entry to close the income summary account


Problem

i. Record the entry to close the income statement accounts with credit balances.

ii. Record the entry to close the income statement accounts with debit balances

iii. Record the entry to close the Income Summary account.

iv. Record the entry to close the Withdrawals account.

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Financial Accounting: Record the entry to close the income summary account
Reference No:- TGS03273249

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