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____ are used for cutting large, fixed, diameter holes in wood or plastic.
Income Summary
Income summary is an account where revenues and expenses are accumulated to calculate net income or loss for a specific period before transferring to the capital account.
Temporary Account
An account used to accumulate transaction information during a single accounting period, which is then transferred to permanent accounts.
Withdrawals
Amounts of money taken out from a business by the owner(s) for personal use, not considered a business expense.
Fees Earned
Revenue generated from services provided or work completed during a specific period.
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