Closing entries.
On December 31, the Income Summary account of Zamarripa Company has a debit balance of $54,000 after revenue of $58,000 and expenses of $112,000 were closed to the account. Gladys Zamarripa, Drawing has a debit balance of $6,000 and Gladys Zamarripa, Capital has a credit balance of $96,000. Record the journal entries necessary to complete closing the accounts. What is the new balance of Gladys Zamarripa, Capital?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.