Below are the balances of a partial adjusted trial balance for Web & Company as...
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Accounting
- Below are the balances of a partial adjusted trial balance for Web & Company as of December 31, 2013:
Prepare the closing entries.
Dr. Cr.
Michelle Web, Capital 50,000
Anthony Capp, Capital 40,000
Michelle Web, Drawing 20,000
Anthony Capp, Drawing 15,000
Service Revenue 125,000
Salaries Revenue 80,000
Rent Expense 20,000
Other Expenses 10,000
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