Question
Capri Company began the current period with a $26,000 credit balance in the K. Capri, Capital account. At the end of the period, the companys
Capri Company began the current period with a $26,000 credit balance in the K. Capri, Capital account. At the end of the period, the companys adjusted account balances include the following temporary accounts with normal balances. Service fees earned $ 100,000 Interest revenue $ 8,600 Salaries expense 40,500 K. Capri, Withdrawals 18,000 Depreciation expense 11,400 Utilities expense 6,200 Capri Company began the current period with a $26,000 credit balance in the K. Capri, Capital account. At the end of the period, the companys adjusted account balances include the following temporary accounts with normal balances. Service fees earned $ 100,000 Interest revenue $ 8,600 Salaries expense 40,500 K. Capri, Withdrawals 18,000 Depreciation expense 11,400 Utilities expense 6,200
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