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What is the balance in the income summary account prior

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Problem 1: Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600. What is the balance in the income summary account prior to closing net income or net loss?

Option 1: $2,900 debit

Option 2: $9,700 debit

Option 3: $2,900 credit

Option 4: $9,700 credit

Reference no: EM132838492

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