contestada

The J. Dawson, Capital account has a credit balance of $1,200 before closing entries are made. If total revenues for the year are $65,200, total expenses $49,800, and withdrawals are $2,400, what is the ending balance in the J. Dawson, Capital account after all closing entries have been made?\

Respuesta :

tanseershar

Answer:

The answer is given below;

Explanation:

Capital-Opening               $1,200

Revenues for the year    $65,200

Expenses                        ($49,800)

Withdrawals                     ($2,400)

Closing balance of capital $14,200

Parrain

Based on the revenue, expenses, and withdrawals, we can calculate that the ending balance on this account is $14,200

The ending balance on J. Dawson's account as a capital contributor is found as:

= Opening balance + Revenue - Expenses - Withdrawals

Solving would give:

= 1,200 + 65,200 - 49,800 - 2,400

= $14,200

In conclusion, the ending balance would be $14,200

Find out more at https://brainly.com/question/18804634.

Otras preguntas