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Business, 21.09.2019 04:10 batmanmarie2004

After adjustments at march 31, 20y2, the end of the first full year of operations, the revenues were $598,000 and expenses were $480,000, for a net income of $118,000. the drawing accounts have debit balances of $40,000 (lang) and $30,000 (capri). journalize the entries to close the revenues and expenses and the drawing accounts at march 31, 20y2. for a compound transaction, if an amount box does not require an entry, leave it blank.

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After adjustments at march 31, 20y2, the end of the first full year of operations, the revenues were...

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