Epic North Coffee started the year with a beginning capital balance of $20,000 recorded in...
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Accounting
Epic North Coffee started the year with a beginning capital balance of $ recorded in E Boyle, Capital. During the year the business earned $ of service revenue and incurred the following expenses:
Advertising Expenses $
Rent Expense
Utility Expense
Amortization ExpenseFurniture
Delivery Expense
The owner withdrew $ from the business recorded in E Boyle, Withdrawal.
Prepare the closing entries for the year using the journal below.
Date Account Title Debit Credit
Calculate the end of year balance of E Boyle, Capital.
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