Question
Prior to closing, total revenues were $12,840,000 and total expenses were $9,975,000. During the year, the owner made no additional investments and withdrew $630,000. After
Prior to closing, total revenues were $12,840,000 and total expenses were $9,975,000.
During the year, the owner made no additional investments and withdrew $630,000. After the closing entries, how much did the owner's capital account change?
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
