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Make the ending capital balance for one period is beginning

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On July 1, 2017, Windsor Learning Services entered its second month of operations. On July 31, 2017, Milton Windsor, the owner, finalized the company's records that showed the following items.

Accounts payable$2,150

Accounts receivable 3,300

Cash 2,900

Computer equipment 3,500

Furniture 3,100

Milton Windsor, capital, June 30, 2017 12,600

Office rent expense 3,800

Owner's investments during July 2017 2,500

Owner's withdrawals 2,300

Supplies 1,800

Textbook rental revenue 430

Tutoring revenue 5,500

Tutors' wages expense 1,670

Utilities expense 810

Question 1: Make the ending capital balance for one period is the beginning capital balance for the next period.

Reference no: EM133000303

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