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The Following Normal Account Balances Were Found on the General

question 11

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The following normal account balances were found on the general ledger before closing entries were prepared: The following normal account balances were found on the general ledger before closing entries were prepared:   After closing entries are posted, what is the balance in the Capital account? A)  $7,560 B)  $7,000 C)  $6,560 D)  Closing entries do not affect the Capital account. After closing entries are posted, what is the balance in the Capital account?


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