Question: FINANCIAL ACCOUNTING- COMPREHENSIVE CLOSING ENTRY REQUIRED PROB. + YOU HAVE BEEN GIVE THE FOLLOWING ADJUSTED LEDGER BALANCES: ASSUME THAT ALL OF THE BALANCES ARE NORMAL:





FINANCIAL ACCOUNTING- COMPREHENSIVE CLOSING ENTRY REQUIRED PROB. + YOU HAVE BEEN GIVE THE FOLLOWING ADJUSTED LEDGER BALANCES: ASSUME THAT ALL OF THE BALANCES ARE NORMAL: CASH ACCOUNTS REC PRE-PAID EXPENSES LAND EQUIPMENT ACCUM. DEPR. ACCTS. PAYABLE WAGES PAYABLE NOTES PAYABLE RSC CAPITAL RSC DRAWING INCOME SUMMARY SALES WAGE EXP MAINT EXP INSR. EXP DEPR. EXP $175,000 $300,000 $ 20,000 $280,000 $460,000 $105,000 $175,000 $ 10,000 $ 80,000 $150,000 e $ 35,000 $ - $975,000
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