Prepare journal entries to record the transactions for Matt Ing's sole proprietorship that follow. 1. Ing invests
Question:
1. Ing invests $5,000 in his business.
2. Ing closed his Income Summary account's credit balance of $800.
3. Ing closed his Withdrawals account's debit balance of $300.
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1 Cash 5000 Matt Ing Capital 5000 Ings 5000 ...View the full answer
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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