The following information is from the Income Statement of the...
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Accounting
The following information is from the Income Statement of the Coronado Laundry Service: Revenues Service Revenues Expenses $7410 Salaries and wages expense Advertising expense Rent expense Supplies expense Insurance expense Total expenses Net income $ 2790 570 340 230 110 4040 $3370 The entry to close the Laundry Service Revenue account includes a: debit to Service Revenue for $7410 O debit to Retained Earnings for $7410 debit to Income Summary for $7410. credit to Service Revenue for $7410 (b) What is the current ratio? (Round answer to 2 decimal places, es, 15.25.) Current ratio
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