The first two closing entries to the Income Summary account indicate a debit of $57750...
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Accounting
The first two closing entries to the Income Summary account indicate a debit of $57750 and a credit of $69.700. The third closing entry would be Multiple Choice O debit Income Summary $11.950, credit Drawing $11,950 debit Revenue $69.700 credit Expenses $57750. O debit Capital $11,950; credit Income Summary $11,950, debit Income Summary $11,950 Credit Capital 511950
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You can see the logs in the Dashboard.