Question: https:/ewconn heducation.com/flow/con nect html SNAP2013 Process Help Save & Ex Exercise 4-5 Determining effects of closing entries LO C1 Capri Company began the current period
https:/ewconn heducation.com/flow/con nect html SNAP2013 Process Help Save & Ex Exercise 4-5 Determining effects of closing entries LO C1 Capri Company began the current period with a $36,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances Service fees ear Salaries expense Depreciation expense $11,400 16,000 6, 500 $108,80e Interest revenue 44,500 K. Capri, Withdrawals 10,200 Utilities expense 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Credit Step 1: Close Revenues to Income Summary Step 2: Close Expenses to Income Summary
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