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The Following Information Is Available for Brendon Company Before Closing

question 179

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The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Brendon, Capital?  J. Brendon, Capital $112,000 J. Brendon, Withdrawals 32,000 Fest earned 187,000 Depreciation Expense-Equipment 12,000 Wages expense 71,400 Interest expense 3,300 Insurance expense 11,700 Rent expense 24,200\begin{array} { | l | r | } \hline \text { J. Brendon, Capital } & \$ 112,000 \\\hline \text { J. Brendon, Withdrawals } & 3 2 , 0 0 0 \\\hline \text { Fest earned } & 187,000 \\\hline \text { Depreciation Expense-Equipment } & 12,000 \\\hline \text { Wages expense } & 71,400 \\\hline \text { Interest expense } & 3 , 3 0 0 \\\hline \text { Insurance expense } & 11,700 \\\hline \text { Rent expense } & 24,200 \\\hline\end{array}


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