1 Capri Company began the current period with a $34,000 credit balance in the K. Capri, Capital account. At the end of t

[answerhappygod]

1 Capri Company Began The Current Period With A 34 000 Credit Balance In The K Capri Capital Account At The End Of T 1 (48.43 KiB) Viewed 8 times

1 Capri Company began the current period with a $34,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances 35 points Skipped ellook References Mc Graw Hill TOSHIBA Service fees earned Salaries expense Depreciation expense 598,000 Interest revenue 38,000 K. Capri, withdrawals 11,200 Utilities expense 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Step 1: Close Revenues to Income Summary Step 2: Close Expenses to Income Summary 0 0 Debit wit Debit $10,600 18,000 6,900 Credit Paki Credit Income Summary 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Prev 1 of 3 Next >