Prepare journal entries to record the transactions for Matt Ing's sole proprietorship that follow. 1. Ing invests

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Prepare journal entries to record the transactions for Matt Ing's sole proprietorship that follow.

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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Financial and Managerial Accounting

ISBN: 978-1133940593

10th edition

Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson

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Question Posted: Mar 14, 2017 10:22 AM

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Prepare journal entries to record the transactions for Matt Ing's sole proprietorship that follow. 1. Ing invests

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