On the basis of the following data taken from the Adjusted Trial Balance for the year...

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On the basis of the following data taken from the Adjusted Trial Balance for the year ended December 31 for Boles Athletic Company, calculate the ending capital balance for Jason Boles, company owner. after all closing entries are made: Account Name Debits Credits Cash $ 15,000 Accounts Receivable Supplies 20,200 5,000 Equipment 59,900 Accumulated Depreciation $ 32,000 Accounts Payable 12,500 Jason Boles, Capital 91,600 Jason Boles, Drawing 17,000 Fees Earned 310,000 Salary Expense 244,500 Rent Expense 48,000 Depreciation Expense 25,000 Supplies Expense 9,500 Miscellaneous Expense 2.000 Totals $446,100 $446,100 Note: write your answer as a number only, with no commas or signs. Answer: On the basis of the following data taken from the Adjusted Trial Balance for the year ended December 31 for Boles Athletic Company, calculate the ending capital balance for Jason Boles, company owner. after all closing entries are made: Account Name Debits Credits Cash $ 15,000 Accounts Receivable Supplies 20,200 5,000 Equipment 59,900 Accumulated Depreciation $ 32,000 Accounts Payable 12,500 Jason Boles, Capital 91,600 Jason Boles, Drawing 17,000 Fees Earned 310,000 Salary Expense 244,500 Rent Expense 48,000 Depreciation Expense 25,000 Supplies Expense 9,500 Miscellaneous Expense 2.000 Totals $446,100 $446,100 Note: write your answer as a number only, with no commas or signs. Answer:

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To calculate the ending capital balance for Jason Boles we need to consider the changes to the cap... View the full answer