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The worksheet for adams company shows the following

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The worksheet for Adams Company shows the following in the financial statement columns.

J.Q.Adams, Drawing.... $22,000
J.Q.Adams, Capital.... 70,000
Net income....... 29,000

Prepare the closing entries at December 31 that affect owner's capital. 

Reference no: EM131137391

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The worksheet for adams company shows the following : The worksheet for Adams Company shows the following in the financial statement columns.
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