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a) Create Closing Entries for the following accounts in the journal on Dec 31st. the Dec 30th balances are as follows Capital :15,000 Rent
a) Create Closing Entries for the following accounts in the journal on Dec 31st. the Dec 30th balances are as follows Capital :15,000 Rent expense 1000 Salaries expense 2000 Utility Expense 500 Revenue 10,000 Drawings 7000 b) What is the balance in capital after closing entries?
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