Question: RX Davis, Capital account has a credit balance of $150,000 before closing entries are...
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Accounting
Question: RX Davis, Capital account has a credit balance of $150,000 before closing entries are made. If total revenues for the year are $100,000, total expenses $50,000, and withdrawals are $20, 000, total assets are $250, 000 and total liability
Option:
|
| $50,000 |
|
| $150,000 |
|
| $200,000 |
|
| $250,000 |
|
| Some other number |
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