need help with accounting problem please
closing entries (net income)
closing entry T account
capital
closing $800 balance $8000
closing $1760
balance ??
thanks in advance brain froze on this :)

Question

need help with accounting problem please
closing entries (net income)
closing entry T account
capital
closing $800  balance $8000
                        closing $1760
                        balance ??
thanks in advance brain froze on this :)

anonymous · Answer

1,760•8,000/800=$17,600

anonymous · Answer

thats what i had put into my example page also 1760 which was the income summary so will have to think harder i guess unless mistake in example