Only the debit amount for the income summary account must be extended in the work sheet.
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Q32: An increase in a revenue account may
Q33: After journalizing adjusting entries, the amounts must
Q34: When part of the amount of unearned
Q35: Which of the following accounts is never
Q36: An increase in a revenue account may
Q38: Purchases Returns and Allowances is a contra-revenue
Q39: Actually counting the goods on hand at
Q40: A beginning inventory of $75,000 is removed
Q41: Which of the following accounts would NOT
Q42: An example of a contra-revenue account is
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