Revenue and expense accounts have been closed is

Reference no: EM133611088

Question: Annual revenues of 202000 expenses of 112200 a withdrawal of 24800 the owners capital account before closing had a balance of 314000 the entry to close the income summary account at the end of the year after revenue and expense accounts have been closed is?

Reference no: EM133611088

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Revenue and expense accounts have been closed is : balance of 314000 the entry to close the income summary account at the end of the year after revenue and expense accounts have been closed is

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