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The Income Statement of Rebecca's Shoe Repair Is as Follows

Question 23

Essay

The income statement of Rebecca's Shoe Repair is as follows:
REBECCA'S SHOE REPAIR
Income Statement
Month Ended April 30, 2014
Revenue The income statement of Rebecca's Shoe Repair is as follows: REBECCA'S SHOE REPAIR Income Statement Month Ended April 30, 2014 Revenue On April 1, the balance in Rebecca Weite, Capital was $11,200. During April, Rebecca withdrew $8,200 cash for personal use. Instructions a. Prepare closing entries at April 30. b. Prepare a statement of owner's equity for the month of April. On April 1, the balance in Rebecca Weite, Capital was $11,200. During April, Rebecca withdrew $8,200 cash for personal use.
Instructions
a. Prepare closing entries at April 30.
b. Prepare a statement of owner's equity for the month of April.

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