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The balance in the Owner's Drawings account after all closing entries have been posted will be equal to the cash withdrawn by the owner during
The balance in the Owner's Drawings account after all closing entries have been posted will be equal to the cash withdrawn by the owner during the period. zero. the profit (or loss) for the period. the balance in the Owner's Capital accound
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
