Normandy Company has collected the following inventory data prior topreparing financial statements for the month of OctoberThe October 6 purchaseThe October 12 sale.(C)The entries to close the October income statement items to Income Summary.(Assume that sales revenue and the elements of cost of goods sold are the only income statement items.)

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The Answer of Normandy Company has collected the following inventory data prior topreparing financial statements for the month of OctoberThe October 6 purchaseThe October 12 sale.(C)The entries to close the October income statement items to Income Summary.(Assume that sales revenue and the elements of cost of goods sold are the only income statement items.)

Normandy Company Has Collected the Following Inventory Data Prior Topreparing