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A) From these selected prepare the necessary closing entries. (8 points) Accumulated Depreciation $10,000 Depreciation Expense $7,000 Owner's Capital $25,000 Owner's Drawings $15,000 Salaries and
A) From these selected prepare the necessary closing entries. (8 points) Accumulated Depreciation $10,000 Depreciation Expense $7,000 Owner's Capital $25,000 Owner's Drawings $15,000 Salaries and Wages Expense $20,000 Service Revenue $35,000 B) Show the balance of the Owner's Capital account after the dosing entries. (2 points)
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