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Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $22,000, K. Korver, Withdrawals $4,000; Services Revenue $43,000;
Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $22,000, K. Korver, Withdrawals $4,000; Services Revenue $43,000; Salaries Expense $29,000; and Rent Expense $7,000. (1) Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0
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