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Business, 06.06.2020 19:59 icario1224

After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $798,400 and a credit of $955,300. At the same date, Retained Earnings has a credit balance of $1,439,000, and Dividends has a balance of $36,000. Journalize the entries required to complete the closing of the accounts and Determine the amount of Retained Earnings at the end of the period.

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After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summar...
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