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Question 19(2 points) The income statement for the year 2020 of Poole Co....

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Accounting

Question 19(2 points)
The income statement for the year 2020 of Poole Co. contains the following information:
After the revenue and expense accounts have been closed, the balance in Income Summary will be
$0
a credit balance of $5,000
a debit balance of $5,000
a credit balance of $150,000
Question 19(2 points)
The income statement for the year 2020 of Poole Co. contains the following information:
After the revenue and expense accounts have been closed, the balance in Income Summary will be
$0
a credit balance of $5,000
a debit balance of $5,000
a credit balance of $150,000
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