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Tammi Company began the current period with a $20,000 balance in the Tammi West, Capital account. At the er the company's adjusted account balances include the following temporary accounts with normal balances: Service Revenue Salaries Expense Depreciation Expense Teaching Revenue Tammi West. Withdrawals Utilities Expense $40,000.00 25,000 5.000 10,000 1.000 S 4.000.00 Time left 0:27:58 After closing the Income Summary account, which of the following journal entries will be required to complete the closing process:

Tammi Company began the current period with a $20,000 balance in the Tammi West, Capital account. At the er the company's adjusted account balances include the following temporary accounts with normal balances: Service Revenue Salaries Expense Depreciation Expense Teaching Revenue Tammi West. Withdrawals Utilities Expense $40,000.00 25,000 5.000 10,000 1.000 S 4.000.00 Time left 0:27:58 After closing the Income Summary account, which of the following journal entries will be required to complete the closing process:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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/Tammi Company began the current period with a $20,000 balance in the Tammi West, Capital account. At the er the company's adjusted account balances include the following temporary accounts with normal balances: Service Revenue Salaries Expense Depreciation Expense Teaching Revenue Tammi West. Withdrawals Utilities Expense $40,000.00 25,000 5.000 10,000 1.000 S 4.000.00 Time left 0:27:58 After closing the Income Summary account, which of the following journal entries will be required to complete the closing process:
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