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If Sales Are $270,000,expenses Are $220,000 and Dividends Are $30,000,Income

Question 23

Multiple Choice

If sales are $270,000,expenses are $220,000 and dividends are $30,000,Income Summary:


A) Will have a credit balance of $50,000.
B) Will have a debit balance of $50,000.
C) Will have a debit balance of $20,000.
D) Will have a credit balance of $20,000.

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