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1. value: 2.00 points Argosy Company (a Sole proprietorship) began the current period with a $14,000 credit balance in the D. Argosy, Capital account.

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1. value: 2.00 points Argosy Company (a Sole proprietorship) began the current period with a $14,000 credit balance in the D. Argosy, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. 35,000 3,500 Service fees earned $ Interest revenue 19,000 6,000 Salaries expense D. Argosy, Withdrawals 2,300 Depreciation expense 4,000 Utilities expense After closing the revenue and expense accounts, what will be the balance of the Income Summary account? (Omit the "$" sign in your response.) Credit balance After all closing entries are journalized and posted, what will be the balance of the D. Argosy, Capital account? (Omit the "$" sign in your response.) Ending balance $ Tim

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