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QUESTION 10 Use the information below to answer questions Q10-Q13. Hancock Company...

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Accounting

QUESTION 10
Use the information below to answer questions Q10-Q13.
Hancock Company has the following balances in selected accounts of its adjusted trial balance.
\table[[Accounts Payable,$27,000,Dividends $25,000,,],[Service Revenue,96,000,Retained Earnings 42,000,,],[Rent Expense,12,000,Accothts Receivable,38,000,],[Salaries and Wages Expense,41,000, Supplies Expense ,8,000,,,]]
Prepare the entries to close the revenue to income summary.
Service Revenue ,96,000
Income Summary ,96,000
Income Summary 96,000
Service Revenue ,96,000
Accounts Receivable 38,000
Income Summary ,38,000
None of the above entries are correct
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