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I apologize for the second question but can you please the steps how to get the answers Question 23 2 points Save Answer FINANCIAL STATEMENTS:
I apologize for the second question but can you please the steps how to get the answers
Question 23 2 points Save Answer FINANCIAL STATEMENTS: For Company Y in the statement of owner's equity for January 2020 the owner contribution was 20,000, the net income for January was 15,000, the owner withdrawal 30,000 and the ending capital at 1/31/20 was 35,000. How much was the beginning capital balance on 1/1/2020? A. 40,000 B. 35,000 C. 30,000 D. 25,000 E. None of the above Question 33 lestion 33 2 points JOURNAL ENTRIES: Company X currently has a balance in Allowance for Bad Debts of $2,000. Company X's aging schedule indicates that the balance in the Allowance for Bad Debts should be $11,000. What is the adjusting journal entry to increase the balance in the Allowance for Bad Debts to $11,000Step by Step Solution
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