Income Summary has a credit balance of $12,000 in J. Spencer, Co. after closing revenues and expenses.

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Income Summary has a credit balance of $12,000 in J. Spencer, Co. after closing revenues and expenses. The entry to close Income Summary is:

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Sep 06, 2018 03:12 AM

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Income Summary has a credit balance of $12,000 in J. Spencer, Co. after closing revenues and expenses.

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Financial Accounting Tools for business decision making

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