Prior to its closing income summary had total debits of
1. Prior to its closing, Income Summary had total debits of $432,200 and total credits of $572,600. Briefly explain the purpose served by the income summary account and the nature of the entries that resulted in the $432,200 and the $572,600.
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1 prior to its closing income summary had total debits of 432200 and total credits of 572600 briefly explain the
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