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John's Tree Service depreciation for the month is $500. The adjusting journal entry is: 500 500 500 500 O A. Equipment Accumulated Depreciation OB. Depreciation

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John's Tree Service depreciation for the month is $500. The adjusting journal entry is: 500 500 500 500 O A. Equipment Accumulated Depreciation OB. Depreciation Expense Accumulated Depreciation O C. Accumulated Depreciation Depreciation Expense OD. Depreciation Expense Equipment 500 500 500 500 The beginning capital balance is $1,000, there are no additional investments or withdrawals by the owner during the accounting period. The period's revenue is $650 and expenses total $550. What is the ending capital balance after doing entries)? O A $100 OB. $2,150 OC. $1,700 OD. $2,250 The Income Summary account shows debits of $35,824 and credits of $25,977. This results in a: O A. net loss of $9,847. OB. net income of $9,847 OC. net loss of $61,801. OD. Withdrawals of $61,801. The following normal account balances were found on the general ledger before closing entries were prepared: Revenue $1,200 Cash $1,300 Expenses $640 Accounts Receivable $420 Capital $7,000 Withdrawals $1,000 After closing entries are posted, what is the balance in the Capital account? O A. $6,560 OB. $7,560 O c. $7,000 OD. Closing entries do not affect the Capital account. Which of the following accounts is a temporary account? O A. Supplies O B. Accounts Receivable O C. Cash O D. Withdrawals

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