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Title: The following normal account balances were found on the general ledger before closing entries were ... Post by: majestico on Jun 6, 2017 The following normal account balances were found on the general ledger before closing entries were prepared:
Revenue $1,100 Cash $600 Expenses $600 Accounts Receivable $400 Capital $7,500 Withdrawals $1,000 After closing entries are posted, what is the balance in the Capital account? A) $7,500 B) $7,000 C) $8,000 D) Closing entries do not affect the Capital account. Title: Re: The following normal account balances were found on the general ledger before closing entries ... Post by: Ompa on Jun 6, 2017 Content hidden
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