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The Following Information Is Available for Brendon Company, Inc

Question 220

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The following information is available for Brendon Company, Inc. before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained Earnings? The following information is available for Brendon Company, Inc. before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained Earnings? A) $80,000. B) $64,400. C) $43,000. D) $32,400. E) $42,400.


A) $80,000.
B) $64,400.
C) $43,000.
D) $32,400.
E) $42,400.

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