The worksheet for Ajeeb Company shows the following in the financial statement columns. Owners drawings ....... $22,000
Question:
Owner’s drawings ....... $22,000
Owner’s capital ........ 70,000
Net income .......... 41,000
Prepare the closing entries at December 31 that affect owner’s capital.
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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