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Capri Company began the current period with a $34,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's

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Capri Company began the current period with a $34,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. Service fees earned $94,880 Interest revenue 11,200 Salaries expense47,500 K. Capri, Withdrawals 13,008 Depreciation expense 5,900 10,400 Utilities expense , what will be the balance of 1. After closing the revenue and expense accounts to l Prev48 of 50Next > 9 8 6 5 Income Summary 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit Credit Step 4: Close Withdrawals to Capital Debit K. Capri, Capital 34,000 Pgup End

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