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Post closing entries to each accounts T-account

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Reference no: EM133151827

Question - Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $19,400; K. Korver, Withdrawals $2,700; Services Revenue $36,500; Salaries Expense $26,400; and Rent Expense $4,400.

(1) Post closing entries to each account's T-account.

(2) Compute the ending balance of each T-account, even if the final balance is $0.

Reference no: EM133151827

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