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View Full Version : Closing Income Summary


pizano2
Sep 30, 2007, 09:26 PM
The entry to close Income Summary for a loss would include:

1. a credit to Income summary
2. a credit to retained earnings
3. a debit to capital stock
4. a debit to Income Summary

CaptainForest
Oct 1, 2007, 10:53 PM
1. A credit to Income summary