KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900;...

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KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900; Interest Re

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Answer 1

Answer #1

Sales	728900
(+) Interest revenue	13500
(-) Cost of goods sold	556000
(-) Operating expenses	189000
Balance	-2600

Balance in income summary

2600

Debit

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Answer 2

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