Beginning balance in Capital is $10,000.Revenues are $200,000.Expenses are $120,000.Withdrawals are $4,000.The ending balance in Capital is $90,000.
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Q52: Asset and liability accounts are closed to
Q53: Permanent accounts are NOT closed at the
Q54: Using the following worksheet for Alcazar Service
Q55: Supplies expense is a temporary account.
Q56: The last step in the closing process
Q58: Capital is a temporary account.
Q60: The adjusting process zeroes out all revenues
Q60: Cash is a temporary account.
Q61: Withdrawals is a permanent account.
Q62: To what account is the balance in
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