After all appropriate closing entries to the following accounts have been made, what will be the balance
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Question:
After all appropriate closing entries to the following accounts have been made, what will be the balance in the Jeff Corvette, Capital account?
Service fees revenue | $140,000 |
Various expenses | 60,000 |
Jeff Corvette, capital | 80,000 |
Jeff Corvette, withdrawals | 15,000 |
a. | $130,000 | |
b. | $80,000 | |
c. | $65,000 | |
d. | $280,000 | |
e. | $145,000 |
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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