Question: 45 This exercise should be used in conjunction with Starter 44. 1. Set up all the Taccounts in Starter 44 and insert their adjusted balances

4–5 This exercise should be used in conjunction with Starter 4–4.

1. Set up all the T–accounts in Starter 4–4 and insert their adjusted balances

(denote as Bal.) at December 31, 2010. Also set up a T-account for Brett Kaufman, Capital, $12,500, and for Income Summary. Post the closing entries to the accounts, denoting posted amounts as Clo.

2. Compute the ending balance of Brett Kaufman, Capital.

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