The following information is available for the Higgins Travel Agency. After closing entries are posted, what will

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The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the C. Higgins, Capital account?

Net Income $ 42,500

C. Higgins, Capital 130,500

C. Higgins, Withdrawals 14,000

Multiple Choice question

• $57,500

• $222,500

• $97,500

• 182,500

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Oct 07, 2020 09:15 AM

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The following information is available for the Higgins Travel Agency. After closing entries are posted, what will

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When closing entries are posted the net income and withdrawals will be ... View the full answer

Intermediate Accounting

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