This question should be completed by using the information in Starter 4-7. 1. Set up all the

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This question should be completed by using the information in Starter 4-7.

1. Set up all the T-accounts in Starter 4-7 and insert their adjusted balances (denote as Bal. ) at December 31, 2017. Also set up a T-account for Brett Kaufman, Capital, $10,500, and for Income Summary. Post the closing entries to the accounts, denoting posted amounts as Clo.

2. Compute the ending balance of Brett Kaufman, Capital.

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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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