Business, 12.03.2021 18:10 dontcareanyonemo

Assume that the entry closing total revenues of $284,900 and total expenses of $212,600 has been made for the year ending December 31. At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $330,000 and Teresa Schafer, Drawing has a balance of $27,600. a. Journalize the entry required to close the Teresa Schafer, Drawing account. If an amount box does not require an entry, leave it blank. fill in the blank b914a60b4040f9f_2 fill in the blank b914a60b4040f9f_3 fill in the blank b914a60b4040f9f_5 fill in the blank b914a60b4040f9f_6 b. Determine the amount of Teresa Schafer, Capital at the end of the period.

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Assume that the entry closing total revenues of $284,900 and total expenses of $212,600 has been mad...

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