From the following information, journalize the last two closing entries and present a statement of owners equity for NishimotoCompany H Nishimoto, Capital Income Summary Dec 31 Adj 190,000 Dec 31 Adj 206,000 Jan 1 Bal 450,000 Dec 31 Closing 415,000 Dec 31 Closing 492,000 Apr 7 18,000 H Nishimoto, D...

GENERAL JOURNAL PAGE POST DATE DESCRIPTION REF DEBIT CREDIT 20 Closing Entries Dec 31 Income Summar ...

From the following information, journalize the last two closing entries and present a statement of owners equity

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From the following information, journalize the last two closing entries and present a statement of owner€™s equity for NishimotoCompany.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:28 AM

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From the following information, journalize the last two closing entries and present a statement of owners equity

Question:

H. Nishimoto, Capital Income Summary Dec. 31 Adj. 190,000 Dec. 31 Adj 206,000 Jan. 1 Bal. 450,000 Dec. 31 Closing 415,000 Dec. 31 Closing 492,000 Apr. 7 18,000 H. Nishimoto, Drawing Mar 35,000 Dec. 9 40,000

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