From the following items in the income statement columns of the worksheet of Friend's Tutoring at December 31, prepare the closing entries without explanation, assuming that a $1,000 withdrawal was made during the period.
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Q41: The entry to close Income Summary (net
Q43: When closing the Income Summary account when
Q52: The Capital account debited and the withdrawals
Q55: When closing the Income Summary account when
Q85: From the following items in the income
Q87: In the first space below, indicate whether
Q92: Depreciation Expense is closed to Income Summary,
Q92: A nominal account is the same as
Q93: The first entry to close accounts is
Q99: Each individual revenue account is debited when
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