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The worksheet for Taufoou Company shows the following in the fi nancial statement columns. Owners drawings $22,000 Owners capital 70,000 Net income 41,000 Prepare the

The worksheet for Taufoou Company shows the following in the fi nancial statement columns. Owners drawings $22,000 Owners capital 70,000 Net income 41,000 Prepare the closing entries at December 31 that affect owners capital

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