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Presented below is an adjusted trial balance for Carla Vista Company, at December 31, 2020. Prepare closing entries for December 31, 2020. (Credit account titles
Presented below is an adjusted trial balance for Carla Vista Company, at December 31, 2020. Prepare closing entries for December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) [ (To close expense accounts.) 31 Income Summary 5,952 Owner's Capital (To close net income to capital.) 31 Owner's Capital 1,440 Owner's Drawings 1,440 (To close drawings to capital.) E Your answer is incorrect. Determine the balance in the Owner's Capital account after the entries have been posted. Balance in owner's capital $
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