(SOLVED)- On the next page is the post closing trial balance


Question Description:

$19

On the next page is the post- closing trial balance submitted to you by the bookkeeper of Tafoya Consulting Company. Assume that the debit total ($ 41,048) is correct. a. Analyze the work and prepare a response to what you have reviewed. b. Journalize the closing entries. c. What is the net income or net loss? d. Is there an increase or a decrease in Capital? e. What would be the ending amount of Capital? f. What is the new balance of the post-closing trialbalance?

Answer

$19