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Business, 11.02.2020 19:46 iamasia06

Assume that the entry closing total revenues of $234,900 and total expenses of $175,300 has been made for the year. At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $272,000 and Teresa Schafer, Drawing has a balance of $22,800. Journalize the entry required to close the Teresa Schafer, Drawing account.

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Assume that the entry closing total revenues of $234,900 and total expenses of $175,300 has been mad...
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