Question: 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

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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