If the ledger of Alex Car Services contains the following balances: Alex, Capital on 1 June $60,000;

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If the ledger of Alex Car Services contains the following balances: Alex, Capital on 1 June $60,000; Alex, Drawing $8000; Service revenue $80,000; Salaries expense $15,000; and Depreciation expense $5,000, what is the closing balance of Alex, Capital on 30 June (after the closing off process)?

Posted Date: Jun 14, 2024 02:57 AM

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If the ledger of Alex Car Services contains the following balances: Alex, Capital on 1 June $60,000;

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