Question
Play the role of For Rover's Sake's accountant. You're halfway through recording closing entries to complete the accounting cycle. You're exhausted from a month's worth
Play the role of For Rover's Sake's accountant. You're halfway through recording closing entries to complete the accounting cycle. You're exhausted from a month's worth of holidays, and looking forward to a vacation you have planned for early January.
You've closed out $1,237,814.32 in revenue to the income summary. Hey, it's been a good year and you even got a bonus from For Rover's Sake. But you're not done with the hard work yet.
You've closed out $67,304.15 in expenses to the income summary. The Drawing account holds a balance of $92,571.34.
How much will you credit to Capital? Round your answer to the nearest dollar.
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