Business, 08.02.2021 23:50 dondre54

High Step Shoes had annual revenues of $203,000, expenses of $112,700, and dividends of $25,200 during the current year. The retained earnings account before closing had a balance of $315,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:

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High Step Shoes had annual revenues of $203,000, expenses of $112,700, and dividends of $25,200 duri...

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