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The answer is c, please explain why 2. The following information is available for the R. Kandamil Company before closing the accounts. After all of

The answer is c, please explain why

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2. The following information is available for the R. Kandamil Company before closing the accounts. After all of the closing entries are made, what will be the balance in the R. Kandamil, Capital account? Total revenues Total expenses R. Kandamil, Capital R. Kandamil, Withdrawals45,000 $300,000 195,000 00,000 a. $360,000 b. $250,000 c. $160,000 d. $150,000 e. $60,000

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