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7) The following are selected accounts and their balances after adjustments at May 31, 2015, the end of Mark's Furniture Refinishing's fiscal year. 1) Prepare
7) The following are selected accounts and their balances after adjustments at May 31, 2015, the end of Mark's Furniture Refinishing's fiscal year. 1) Prepare the necessary closing entries at December 31. 2) What is the balance of Mark's capital account after the bookkeeper posts the closing entries?
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