Prior to closing, total revenues were $8,315,000 and total expenses were $6,460,000. During the year, the owner

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Prior to closing, total revenues were $8,315,000 and total expenses were $6,460,000. During the year, the owner made no additional investments and withdrew $408,000. After the closing entries, how much did the owner’s capital account change?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 06, 2021 05:01 AM

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Prior to closing, total revenues were $8,315,000 and total expenses were $6,460,000. During the year, the owner

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Accounting

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