Big Smiles Corp incurred rent expense of $15,500, salaries expense of $18,950, utilities expense of $7,800, and
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Big Smiles Corp incurred rent expense of $15,500, salaries expense of $18,950, utilities expense of $7,800, and supplies expense of $550 Fees earned for the year was $100,000 During the closing process, What amount should be credited to Owner's capital to close out the revenue and expense accounts?
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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