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Closing Entries Included Debits to Revenues for a Total of $5,300

Question 8

Multiple Choice

Closing entries included debits to revenues for a total of $5,300, credits to expenses for a total of $3,400, and a credit to dividends for $700. The net income for the month was:


A) $700.
B) $1,900.
C) $3,400.
D) $4,600.

Correct Answer:

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