At the beginning of the year,the total owner's equity of Cutting Edge Technologies Company was $90,000.The revenues and expenses were $60,000 and $40,000,respectively.The owner did not make withdrawals or capital contributions during the year.The total owner's equity at the end of the year will amount to $100,000.
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Q96: The Gonzalez,Capital account is a temporary account.
Q97: The permanent accounts-assets,liabilities,and owner's equity-are closed to
Q98: The Accounts Payable account is a temporary
Q99: Permanent accounts are not closed at the
Q100: In which of the columns of a
Q102: Revenues and expenses may be transferred to
Q103: Which of the following accounts will be
Q104: Which of the following is a permanent
Q105: To which of the following accounts should
Q106: The entries that transfer the revenue,expense,and Owner,Withdrawals
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