Problem

(L.OBJ. 3) Identifying and journalizing closing entries [10-15 min] The accountant for...

(L.OBJ. 3) Identifying and journalizing closing entries [10-15 min]

The accountant for Oceanside Photography has posted adjusting entries (a)-(e) to the following selected accounts at December 31, 2010.

Requirements

1. Journalize Oceanside Photography’s closing entries t December 31, 2010.

2. Determine Oceanside Photography’s ending Capital balance at December 31, 2010.

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Solutions For Problems in Chapter 4

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