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Cash $18,500 a/r $2,000 prepaid insurance $3,600 truck $18,000 Accumlated Depreciation $3,500 A/P $4,000 J. Turner Capital $33,400 J. Turner Drawing $10,000 Landscaping Revenue $27,500
| Cash | $18,500 |
| a/r | $2,000 |
| prepaid insurance | $3,600 |
| truck | $18,000 |
| Accumlated Depreciation | $3,500 |
| A/P | $4,000 |
| J. Turner Capital | $33,400 |
| J. Turner Drawing | $10,000 |
| Landscaping Revenue | $27,500 |
| Wage Expenses | $12,000 |
| Repair Expense | $4300 |
A.The entry to close expenses would involve a: B.The entry to close Income Summary would involve a : C.Which of the following accounts should be closed to R. Levi, Capital in the 4th closing entry?
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
2nd Edition
0134643887, 978-0134643885
