As a group, provide the accounts and debit credit amounts used in the closing entries assuming the
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Question:
As a group, provide the accounts and debit credit amounts used in the closing entries assuming the following amounts appeared on the adjusted trial balance for Ajay's Accounting Services, a proprietorship owned by Ajay Kahn, for the year ended December 31, 2022. Ignore explanations. Leave a line between each entry.
Expenses $25,000
Revenues $65,000
Ajay, Withdrawals $15,000
Accounts
Debit
Credit
1.
2.
3.
4.
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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