College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
12th Edition
ISBN: 9781305084087
Author: Cathy J. Scott
Publisher: Cengage Learning
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Chapter 5, Problem 2PB

1-a.

To determine

Indicate the names of owner above the Capital and Drawing accounts.

2.

To determine

Open the T-accounts for owners’ equity, revenue, and expenses and record the account balances.

3.

To determine

Prepare closing entries numbering the entries 1 through 4.

4.

To determine

Post the closing entries to T-accounts.

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College Accounting (Book Only): A Career Approach

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