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Author Question: The following normal account balances were found on the general ledger before closing entries were ... (Read 59 times)

altibaby

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on: Nov 10, 2019
The following normal account balances were found on the general ledger before closing entries were prepared:

Revenue$700Cash$500
Expenses$400Accounts Receivable$350
Capital$7,500Withdrawals$1,000

After closing entries are posted, what is the balance in the Capital account?
◦ $7,800
◦ $6,800
◦ $7,500
◦ Closing entries do not affect the Capital account.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by altibaby on Nov 10, 2019

bdobbins

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Reply #1 on: Nov 10, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply 2 on: Nov 10, 2019
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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