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I am using the book College Account 13 canadian edition I am haveing a hard time with chapter 5 problem P5-4C Janet Smother is the
I am using the book College Account 13 canadian edition
I am haveing a hard time with chapter 5 problem P5-4C
Janet Smother is the new bookkeeper who replaced Dick Burns, owing to his sudden illness. Janet finds a note on her desk requesting that she close the books and supply the ending capital figure. Janet is upset she can only find the following:
- Revenue and expense accounts were all zero balance
- Income summary has a debit of 14,360 and a credit of 19,300
- Owner withdrew 8,000
- Owner's beginning capital was 34,400
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