The balances for the accounts of Mike's Maintenance Co.for the year ended December 31,2015 are shown below.Each account shown has a normal balance. *The ending balance of the capital account is $20,000; the only addition to the account for the year was net income.
Calculate the correct balances for Cash and Mike,Withdrawals and prepare a trial balance.

Question

The balances for the accounts of Mike's Maintenance Co.for the year ended December 31,2015 are shown below.Each account shown has a normal balance.  *The ending balance of the capital account is $20,000; the only addition to the account for the year was net income.
Calculate the correct balances for Cash and Mike,Withdrawals and prepare a trial balance.

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The Answer of The balances for the accounts of Mike's Maintenance Co.for the year ended December 31,2015 are shown below.Each account shown has a normal balance.  *The ending balance of the capital account is $20,000; the only addition to the account for the year was net income.
Calculate the correct balances for Cash and Mike,Withdrawals and prepare a trial balance.

The Balances for the Accounts of Mike's Maintenance Co