The following balances appear on the books of Brian Kaufman Enterprises: Kaufman, Capital, $30,000; Kaufman, Withdrawals $5,400;
Question:
Requirements
1. Open a T-account for each account, and insert its adjusted balance as given (denote as Adj. Bal.) at December 31.
2. Post the closing entries to the accounts, denoting posted amounts as Clos.
3. Compute the ending balance of Kaufman, Capital.
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1 2 Kaufman Capital Kaufman Withdrawals Service Revenue 30000 Bal Bal 5400 20...View the full answer
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Related Book For 
Horngrens Accounting
ISBN: 978-0133866889
11th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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