The income statement for Arbor Green Golf Club for the year ended July 31 shows Service Revenue

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The income statement for Arbor Green Golf Club for the year ended July 31 shows Service Revenue of $16,400; Salary Expense $8,400; Rent Expense $2,500; profit $5,500; T. Arid, Capital $47,000; and T. Arid, Drawings $0. Prepare the closing entries.

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 10:04 AM

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The income statement for Arbor Green Golf Club for the year ended July 31 shows Service Revenue

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July 31 Service Revenue 16400 Income ...View the full answer

Accounting Principles

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