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BIU.x X, X A..A. E. 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Repl A Selec Editing Font Paragraph Styles 20. T
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Correct answer------(d) credit balance of $8,800.

.

After closing revenue and expense account the balance in income summery is equal to net income or net loss.

The balance in income summery will be $0 if income summery is also closed.

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