Question
CLOSING ENTRIES Prior to closing, total revenues were $12,840,000 and total expenses were $9,975,000. During the year, the owner made no additional investments and withdrew
CLOSING ENTRIES
Prior to closing, total revenues were $12,840,000 and total expenses were $9,975,000.
During the year, the owner made no additional investments and withdrew $630,000. After the closing entries, how much did the owner's capital account change?
$
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Ethical Obligations And Decision Making
Authors: Steven Mintz
1st Edition
0078025281, 9780078025280
