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can someone please help me with this? E4-8 The accountant for Perfect Paintball has posted adjusting entries (a) through (e) to the accounts at December

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E4-8 The accountant for Perfect Paintball has posted adjusting entries (a) through (e) to the accounts at December 31, 2020. All the revenue, expense, and owner's equity accounts of the entity are listed in T-account form. Required 1. Journalize Perfect Paintball's closing entries at December 31, 2020. Include explanations. Indicate if the business had a profit or loss for the year. 2. Determine Perfect Paintball's ending Capital balance at December 31, 2020. Accounts Receivable 41,000 (a) 7,250 Paintball Supplies 6,000 (b) 5,500 Accumulated Amortization-Equipment 9,000 1,650 Accumulated Amortization-Building 49,500 (d) 6,000 Salaries Payable (e) 1,050 V. Deep, Capital 110,600 V. Deep, Withdrawals 122,100 Service Revenue 166,500 (a) 7,250 Salaries Expense 36,000 1,050 (e) Accounts Receivable 41,000 (a) 7,250 Paintball Supplies 6,000 (b) Accumulated Amortization-Equipment 9,000 1,650 5,500 Accumulated Amortization-Building 49,500 (d) 6,000 Salaries Payable 1,050 V. Deep, Capital 110,600 V. Deep, Withdrawals 122,100 Service Revenue 166,500 (a) 7,250 Salaries Expense 36,000 (e) 1,050 Paintball Supplies Expense (b) 5,500 Amortization Expense-Equipment 1,650 Amortization Expense-Building (d) 6,000 Identifying and journalizing closing entries 2. V. Deep, Capital bal., $112,050

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