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Determine the ending owner equity of a business

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Reference no: EM132592953

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Q1. What are the major goals of the closing process?

Q2. Determine the ending owner's equity of a business having a beginning owner's equity of $4,300, withdrawals of $1,500, and after closing the revenues and expenses Income Summary has a credit balance of $4,750.

Reference no: EM132592953

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