The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30,
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The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30, 2014:
1. Prepare an income statement based on the information provided.
2. Calculate the post-closing balance in the capital account at June 30, 2014, given that the adjusted balance on June 30, 2013, was $86,000.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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