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    College Accounting Study Set 2
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    Exam 5: The Accounting Cycle Completed
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    Determine the Beginning Owner's Equity of a Business Having an Ending
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Determine the Beginning Owner's Equity of a Business Having an Ending

Question 54

Question 54

Short Answer

Determine the beginning owner's equity of a business having an ending owner's equity of $6,000, withdrawals of $1,250, and after closing the revenues and expenses, the Income Summary account has a debit balance of $2,100.
$ ________

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$9,350 [$6...

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