Janet Smother is the new bookkeeper who replaced Dick Burns, owing to his sudden illness. Janet finds

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Janet Smother is the new bookkeeper who replaced Dick Burns, owing to his sudden illness. Janet finds a note on her desk requesting that she close the books and supplies the ending capital figure. Janet is upset since she can find only the following:
a. Revenue and expense accounts were all zero balance.
b.
Janet Smother is the new bookkeeper who replaced Dick Burns,

c. Owner withdrew $8,000.
d. Owner€™s beginning capital was $34,400.
Could you help Janet accomplish her assignment? What written suggestions should Janet make to her supervisor so that this situation will not happen again?

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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